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Marquette Lands $57M Construction Loan on Near West Side Multifamily
Associated Bank has completed a $57,184,000 loan to Marquette Companies for construction of a 22-story apartment building at 513 S. Damen Ave. on Chicago’s Near West Side. The project is located within the Illinois Medical District.
SVP Elizabeth Hozian with Associated Bank’s commercial real estate division handled the loan arrangements and closing. Associated Bank was the lead arranger and administrative agent, working with Wheaton Bank and Trust.
The building will have 279 studio, one-, two- and three-bedroom units. Common area features will include a pool, fitness center, co-working space, tenant lounge, rooftop deck, dog park, dog wash, dog run and bike storage. The building is slated for completion by March 2023.
Rendering courtesy of Brininstool & Lynch.
- ◦Development
- ◦Financing


