Associated Bank Completes $39.2M Syndicated Construction Loan for Apartment Project in Glenview, Illinois
GLENVIEW, ILL. — Associated Bank has completed a $39.2 million syndicated construction loan for a 168-unit, age-restricted apartment project in Glenview, about 15 miles northwest of Chicago. As lead arranger for the loan, Associated Bank is holding $22.2 million while $17 million is syndicated to Great Southern Bank. High Street Residential, the residential subsidiary of Trammell Crow Co., is developing the project. Krusinski Construction Co. is the general contractor. The four-story property will include a mix of one- and two-bedroom units with an average unit size of 865 square feet. The project also includes a 168-space parking garage. Units are slated to be available for rent by winter 2019. Ted Notz of Associated Bank arranged the loan.