---
title: "Associated Bank closes $28.35 million loan for Chicago transit-oriented apartment development"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293965835.md"
description: "Associated Bank closed a $28.35 million loan for a transit-oriented apartment development in Chicago at 3233-47 N Sheffield Avenue. The financing covers the acquisition of the former Tortenson Glass Co. site and the construction of a five-story, 99-unit building near the Belmont Red/Purple/Brown Line station. Demolition is scheduled to begin shortly, with project completion planned for 2027."
datetime: "2026-07-27T19:10:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293965835.md)
  - [en](https://longbridge.com/en/news/293965835.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293965835.md)
generator: "portal-rs"
---

# Associated Bank closes $28.35 million loan for Chicago transit-oriented apartment development

-   Associated Bank closed a USD 28.35 million loan for a Chicago transit-oriented apartment project at 3233-47 N Sheffield Avenue. \* Financing covers acquisition of the former Tortenson Glass Co. site and development of a five-story, 99-unit building. \* Project sits near the Belmont Red/Purple/Brown Line station; demolition is set to start shortly, with completion planned for 2027. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Associated Banc-Corp published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**