Elizabeth Hozian Of Associated Bank Provides $4.7M Loan To Sal Becovic For 42-Unit Multifamily

The Winthrop Place is a 42-unit multifamily apartment building located at 5710 North Winthrop Avenue in Chicago’s Edgewater neighborhood. The property features a total of 17 one-bedroom units and 25 studio apartments. The original construction date of the building is 1929, and it is part of the Chicago real estate market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,700,000
• Lender: Elizabeth Hozian - Associated Bank
• Landlord: Sal Becovic - Becovic Residential

Elizabeth Hozian, a Senior VP at Associated Bank’s Commercial Real Estate division, managed the loan closing for the property involved in the transaction. The deal involved an acquisition loan specifically for Becovic Residential.