Associated Bank Provides $20M Acquisition Loan For 108-Unit Multifamily Property In St. Charles, IL

The multifamily property located at 200 N. Second St in St. Charles, IL has recently undergone a closed transaction. The property consists of 108 units, making it an attractive investment opportunity in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Address: 200 N. Second St, St. Charles, IL
• Market: St. Charles, IL
• Units: 108

Teresa Rubio, representing Associated Bank, provided the acquisition loan for this transaction. The loan amount totaled $20,000,000, showcasing the confidence in the property's potential. The landlord for this multifamily property is 3 Diamond Development LLC.