Trevor Ryan Of Marquette Companies Secures $55 Million Construction Loan From Associated Bank For Development Site

The property asset involved in this transaction is a development site located at 110 South Villa Avenue in Villa Park, Illinois. The project encompasses a total investment of $90 million, incorporating 238 apartments alongside 8,000 square feet of commercial space.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $55,000,000
• Lender: Andrew Harmening - Associated Bank
• Landlord: Trevor Ryan - Marquette Companies
• Equity Partner: MetLife
• Incentive Agreement Year: 2025
• Public Garage Spaces: 94

Andrew Harmening represents Associated Bank in the loan arrangement, while Trevor Ryan represents Marquette Companies as the landlord for the development. The project reflects a strategic move amidst increasing suburban multifamily activity, highlighting the trend of lender preference for suburban developments over urban projects in Chicago.