Chicago, IL – September 14, 2022 – American Street Capital (“ASC”), a leading national mortgage banking firm, is proud to announce the launch of a balance sheet bridge program offering customizable and efficient executions for small balance real estate investors. Initially focusing on Illinois properties with financing needs of $150,000 to $1,500,000, the program will support the underserviced small balance loan requests for sponsors that currently do not qualify for permanent financing due to timing, credit, liquidity, experience, or loan amount. Primarily targeting residential investment and multifamily properties, the program will support all commercial asset class requests that currently lack access to swift funding, creative underwriting, and certainty of execution.

The loans will offer 6, 12, and 18-month terms that are structured to ensure sponsors can take advantage of a streamlined transition to ASC’s permanent funding solutions. Competitive advantages include flexible loan terms, seamless execution, waived exit fees when refinanced with ASC’s mortgage banking program, pre-approvals for permanent financing take outs prior to closing, and most importantly all credit decisions and servicing are in-house to ensure industry leading closing timelines and a single point of contact for the entire life of a loan.

“We are pleased to launch a balance sheet residential investment and commercial bridge program that specifically targets that highly underserved small balance sector in our native state of Illinois,” said Igor Zhizhin, American Street Capital’s CEO. “ASC will combine in house credit decisions and servicing, flexible underwriting guidelines specifically targeting timing sensitive transactions, and critical permanent financing pre-approvals prior to closing any bridge loans so that we address the primary requirements of flexibility and responsiveness real estate investors demand of their lenders.”

ASC will continue working closely with its extensive network of mortgage broker partners to ensure the most extensive coverage of this all-encompassing, short-term financing solution for acquisition, refinance, cash-out, and cosmetic rehab needs of real estate investors with properties in Illinois. ASC is pleased to confirm that its permanent lending partners strongly support this product and will play a critical role ensuring that interim financing borrowers have a clear and concise path to competitive stabilized loans. This initial, Illinois based balance sheet bridge program reinforces ASC’s unwavering commitment to facilitate all aspects of mortgage banking needs for its valued customers. This will be the first of several innovative and tech driven initiatives that the company plans to bring to the market to continue positioning itself as a national small balance lending industry leader.

About American Street Capital

American Street Capital (“ASC”) is a Chicago-based national commercial mortgage banking firm with correspondent lending relationships specializing in securing balance sheet and CMBS loans for multifamily, 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. In 2021, ASC launched an office in Tampa, FL and was named a Top Financial Intermediary by Multi-Housing NewsMidwest Real Estate NewsConnect Commercial Real Estate and Commercial Property Executive.

Contacts
American Street Capital
121 West Wacker Drive, Suite 2206
Chicago, IL 60601
312-224-1391
info@amstcap.com