Chicago, IL – August 4, 2022 – American Street Capital (“ASC”) announced today that it has arranged $3.9 million refinance for a 112-unit multifamily complex located in Milwaukee, WI.
American Street Capital exclusively represented the sponsor to secure the refinance loan for a multi-family located in the Timmerman West neighborhood of Milwaukee, WI. The complex consisting of seven two story buildings is located on 7.39 acres and was built in 1984. The complex’s amenities include a pool, running paths, underground parking, laundry facilities, and on-site property management. The asset was over 95 percent occupied at closing.
ASC secured the desired proceeds and non-recourse loan structure highlighted by full term interest-only payments. The loan featured a non-recourse, fully assumable structure and was placed with a correspondent DUS agency lender.
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 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 News, Midwest Real Estate News, Connect Commercial Real Estate and Commercial Property Executive.
American Street Capital
121 West Wacker Drive, Suite 2206
Chicago, IL 60601