Associated Bank provides $16.5 million loan for Libertyville apartment acquisition

ASB•2026-10-16

Associated Bank completed a $16.5 million loan on October 16, 2026, to finance the $22 million acquisition of Eleven5 Lake Apartments in Libertyville, Illinois.

1. Loan and acquisition

Associated Bank completed a $16.5 million loan on October 16, 2026, to finance the $22 million acquisition of Eleven5 Lake Apartments in Libertyville, Illinois. The property includes 34 apartments and 25,147 square feet of ground-floor commercial space.

2. Property occupancy

Apartment occupancy stood at 97% at acquisition, and the commercial space was fully occupied.

Sources

Associated Bank provides $16.5 million loan for Libertyville apartment acquisition

Publicnow

Associated Bank provides $16.5 million loan for Libertyville apartment acquisition

1. Loan and acquisition

2. Property occupancy

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