Press releases
ASC Arranges $8M Bridge Loan for Mixed-Use in Logan Square
Chicago, IL – October 13, 2021 – American Street Capital (“ASC”) announced today that it has arranged $8MM bridge loan for a 37-unit mixed-use building in Chicago, IL. The Logan Square neighborhood is located on the northwest side of Chicago with proximity to mass transit and downtown. Built in 1902, the subject property is directly [...]
ASC Secures $12M Cash-Out Refinance for TOD Building in Chicago’s Lakeview
Chicago, IL – September 29, 2021 – American Street Capital (“ASC”) announced today that it has arranged $12 million in financing for a 39-unit mixed-use building in Chicago, IL. Located in the Lakeview area of Chicago, the property is in proximity to mass transportation, Lake Michigan, and Wrigley Field. Built in 2019, the mixed-use asset [...]
ASC Arranges $17.27M Bridge Loan for Multifamily Community in Jonesboro, GA
Chicago, IL – August 30, 2021 – American Street Capital (“ASC”) announced today that it has arranged a $17.27 million value-add bridge loan for the 200-unit Flint River Apartments community located in Jonesboro, GA. Situated 15 miles south of the Atlanta central business district, Jonesboro is a southern suburb with a growing workforce housing market [...]
American Street Capital Secures $2.32M for Multifamily Complex in Avon Park, FL
Chicago, IL – August 13, 2021 – American Street Capital (“ASC”) announced today that it has secured a $2.32 million acquisition loan for a 55-unit multifamily complex in Avon Park, FL. Built in 1981 and renovated in 2020, the Avon Park community is composed of three studios, three one-bedroom, and 49 two-bedroom apartments. Recent upgrades [...]
ASC Arranges $4.36 million Acquisition Loan for Multifamily in Countryside, IL
Chicago, IL – August 5, 2021 – American Street Capital (“ASC”) announced today that it has secured a $4.36 million acquisition loan for a 54-unit multifamily complex in Countryside, IL. Built in 1975, the three-building multifamily complex is located on historic Route 66 with proximity to the area’s major highways and Midway International Airport. The [...]
ASC Arranges $2 million Bridge Loan for Multifamily in Woodlawn
Chicago, IL – July 14, 2021 – American Street Capital (“ASC”) announced today that it has secured a $2 million bridge loan for a 24-unit multifamily building in Chicago, IL. The Woodlawn neighborhood is located on Chicago’s south side with close proximity to the University of Chicago and the lakefront-adjacent Jackson Park. Built in 1902, [...]
ASC Secures $8.17 million Cash Out for Multifamily in Logan Square
Chicago, IL – July 7, 2021 – American Street Capital (“ASC”) announced today that it has secured a $8.17 million cash-out refinance loan for a 45-unit multifamily building in Chicago, IL. Located on a prominent boulevard in Logan Square, the courtyard style multifamily building was originally built in 1928 and recently gut renovated and modernized. [...]
ASC Closes $3 million Loan for Multifamily Portfolio in Woodridge, IL
Chicago, IL – June 30, 2021 – American Street Capital (“ASC”) announced today that it has arranged $3,094,000 acquisition financing for the purchase of a six-building multi-family portfolio. The properties were part of a larger association in Woodridge, a Southwest suburb of Chicago, IL. The high net worth sponsor was pursing their first multi-family acquisition. [...]