Associated Bank closes $7.62M construction loan for CEDARst Chicago apartment project

Reuters03-02
Associated Bank closes $7.62M construction loan for CEDARst Chicago apartment project

Associated Bank, a unit of Associated Banc-Corp, completed a $7.62 million construction loan to CEDARst Companies to finance a five-story, 40-unit transit-oriented apartment building at 4725 N. Clifton Avenue in Chicago, which will also include 1,839 square feet of ground-floor retail space. The loan was managed by Daniel Barrins of Associated Bank’s Commercial Real Estate division.

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