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ASSOCIATED BANK, MB FINANCIAL CLOSE $44M STUDENT HOUSING LOAN IN LOUISVILLE

LOUISVILLE, KY. — Associated Bank and MB Financial Bank have closed a $44 million construction loan for student housing near the University of Louisville (UofL). The project is a 271-unit, 758-bed property located to the east of the college at Crittenden Drive and Warnock Street. The developer, HRB Louisville LLC, a joint venture that includes affiliates of Royal Properties and The John Buck Co., expects to complete the property before classes begin in fall 2015. Edward Notz of Associated Bank’s Chicago office originated the loan on behalf of HRB Louisville. Associated Bank will act as the administrative agent for the loan.

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