CHICAGO – February 17, 2026 – Associated Bank recently announced the completion of a $55,000,000 construction loan to the Marquette Companies for The Union Villa Park, a mixed-use project at 110 South Villa Avenue in Villa Park, Illinois, 20 minutes west of downtown Chicago. Associated Bank and Wintrust Financial were joint Lead Arrangers with each financing one-half of the total loan amount.
The Union will be a Class A, multi-family building offering luxury studio, one, two and three-bedroom apartments with high-end amenities and enclosed garage parking. The project will also feature 8,000- square feet of commercial space, for a total development cost of $89.8 million. It will be constructed on a 1.95-acre site in Villa Park’s downtown district within walking distance of merchants, restaurants, breweries and a seasonal event venue. The site is immediately north of the Illinois Prairie Path and Great Western Trail, a 12-mile former railway corridor now a popular walking/biking trail that extends to West Chicago.
Marquette Companies is a multifamily investment leader with in-house capabilities in acquisition, construction, asset, property and construction management. The company operates in eight states,with a portfolio of over $3.3 billion in apartments and mixed-use properties.
Elizabeth Hozian, a senior vice president with Associated Bank’s Commercial Real Estate division, managed the loan arrangements and closing.
Associated Bank’s Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs. The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $45 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com