Associated Bank provides loan to Belgravia Group
CHICAGO - November 13, 2012 - Associated Bank recently provided a $6.2 MM construction loan to Belgravia Group in Chicago, Illinois. The loan will be used to construct 'Montana Row,' a 14-unit residential rowhome development in Lincoln Park.
"Associated is pleased to do business with Belgravia Group," said James A. Pape, senior vice president, Associated Bank Commercial Real Estate. "Belgravia has built an impressive award-winning reputation by designing and building some of the finest residential projects in Chicago."
Belgravia Group is dedicated to providing high quality homes, superior service, and lasting value to each new home buyer. Building only in Chicago, Belgravia is familiar with the City and as a result, have pioneered emerging neighborhoods.
"We were pleased to obtain an acquisition and construction loan from Associated Bank for the Montana Row development," said Alan Lev, President/CEO, Belgravia Group. "We've worked with the bank in the past and have long term relationships with many of its bankers."
"Montana Row is a unique development of 14 row homes in Lincoln Park which are 25 foot wide with large rear yards and attached garages at prices in the $900's. The first homes will close in early 2013 and others are under construction and available for early 2013 delivery," said Lev.
Headquartered in Chicago, Illinois, The Commercial Real Estate division of Associated Bank, is committed to providing its clientele of developers/owners/operators of commercial real estate with financing solutions, and an array of products and services catering to the unique demands of their business. Commercial Real Estate offices are located in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio and Wisconsin.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NASDAQ: ASBC) has total assets of $23 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a full range of financial products and services through more than 250 banking locations serving more than 150 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.
Contact: Nicole Koremenos
Public Relations Specialist