CRE N Illinois

Associated Bank provides $6.2 million loan to help fund building of rowhome development in Chicago neighborhood

Chicago-based Associated Bank recently provided a $6.2 million construction loan to Belgravia Group in Chicago. The loan will be used to construct Montana Row, a 14-unit residential rowhome development in Chicago's Lincoln Park neighborhood.

Chicago-based Associated Bank recently provided a $6.2 million construction loan to Belgravia Group in Chicago.  The loan will be used to construct Montana Row, a 14-unit residential rowhome development in Chicago's Lincoln Park neighborhood.

“Associated is pleased to do business with Belgravia Group,” said James 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.”

Montana Row is a development of 14 row homes in Lincoln Park that are 25-feet wide with large rear yards and attached garages at prices in the $900,000s. The first homes will close in early 2013 and others are under construction and available for early 2013 delivery.