Chicago, IL – December 17, 2014 – American Street Capital (“ASC”) announced today that it has arranged $3.46 million in financing for an Assisted Living Facility in Plover, WI.
ASC worked exclusively on behalf of their client to secure the 35-year fully amortizing, non-recourse loan with a correspondent FHA lender. Loan proceeds were used to consolidate bank and private loans that were near maturity. The loan allowed the owners to obtain a low interest, long-term fixed loan historically not offered by local lenders in this submarket.
The loan was originated by Igor Zhizhin, the President of ASC.
About American Street Capital
American Street Capital (“ASC”) is a Chicago-based national commercial real estate finance firm with correspondent lending relationships specializing in securing balance sheet and CMBS loans for multi-family, mixed-use, student housing, mobile home parks, assisted living, hospitality, retail, office, owner-occupied properties, and traditional investment properties. With its diverse correspondent relationships ranging from private lenders to government agencies, ASC offers a consultative, customized approach to sourcing commercial real estate debt that is unique among its competitors. Focusing primarily on the more challenging transactions in the small balance segment for loans up to $30MM, ASC has established a national reputation of offering best in class customer service and loan structures that historically were exclusively available to large balance institutional clients. Further information is available at www.amstcap.com. Follow American Street Capital on Twitter @AmericanStCap.
American Street Capital