CRE Midwest

Associated Bank approves $6.72M construction loan for new self-storage facility in Mundelein

Metro-Self-Storage-Project-in-Mundelein-Ill

Associated Bank recently provided a $6.72 million construction loan for Metro Self Storage / Metro Storage Mundelein LLC.

Associated Bank recently provided a $6.72 million construction loan for Metro Self Storage / Metro Storage Mundelein LLC.  The 78,662-square-foot facility, located at 1340 Butterfield Road in Mundelein, Illinois, will have 828 units of climate-controlled self-storage units.

Metro Self Storage® has been in business since 1973 and built and operated the first self-storage location in Illinois.  Today the company operates storage facilities in 12 states.

Senior Vice President Edward (Ted) Notz of the Commercial Real Estate division of Associated Bank managed the loan.