Chicago, IL – October 6, 2015 – American Street Capital (“ASC”) announced today that it has arranged $1.05 million in financing for a 24-unit multi-family property in Antioch, IL. The transaction closed in September, 2015.
ASC worked exclusively on behalf of their client to secure the acquisition loan that was 77% loan to value, non-recourse, rate below 3.40%, 30-year amortization, on a 20-year term and included one year of interest only. The subject property is located in the city of Antioch, Illinois and considered to be part of the Chicago metropolitan statistical area.
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 $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