Chicago, IL – December 17, 2016 – American Street Capital (“ASC”) announced today that it has arranged $30.5 million loan for a 111-unit multifamily high rise located in Brookline, MA.
Built in 1965, the fifteen story multi-family tower contains a total of 111 units with a unit mix of one and two bedroom apartments. Located in the affluent Brookline area of Boston, MA, the property’s amenities include a 92 space subterranean parking garage, rooftop pool and tenant lounge.
ASC exclusively represented the sponsor to secure the cash-out refinance securing maximum proceeds. The loan featured a 10-year term with 5-years of interest only. The loan was placed with an correspondent agency lender.
The loan was co-originated by Igor Zhizhin, the President of ASC and Alexander F. Rek, the Director of Operations.
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 $50MM, 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.
Alexander F. Rek
Director of Operations
American Street Capital