THURSDAY, MAY 28, 2009

Associated Bank facilitates multi-family loan for Mankato, Minn., housing project

by Jim Brubaker
Minnesota

Associated Bank has announced the closing of a commercial real estate loan for a Mankato, Minn., rental housing project.

The 54-unit rental housing project received a loan of approximately $6 million, which included acquisition and renovation components. The loan also included derivative swap product.

The loan was originated by Associated through its Minneapolis commercial real estate department, which is led by Eric Rogers. Associated was represented by the law firm of Leonard, Street and Deinard on the transaction.

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