Press releases
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. [...]
ASC Secures $4.84 million for Affordable Multifamily Community in Greenville, NC
Chicago, IL – June 16, 2021 – American Street Capital (“ASC”) announced today that it has arranged a $4.84 million acquisition loan for a 100-unit affordable multifamily community in Greenville, NC. Located approximately 88 miles west of Raleigh, Greenville is home to East Carolina University and Vidant Medical Center which is the fifth largest hospital [...]
American Street Capital Arranges $3.3 million for Multifamily Portfolio in Pilsen
Chicago, IL – May 28, 2021 – American Street Capital (“ASC”) announced today that it has arranged a $3.3 million cash-out refinance loan for a 20-unit multifamily portfolio in Chicago, IL. The Pilsen neighborhood is located on the lower west side with a close proximity to Chicago’s downtown. Pilsen has been rapidly gentrifying and was [...]
ASC Arranges $5.72 million for Multifamily Complex in Sebring, FL
Chicago, IL – May 18, 2021 – American Street Capital (“ASC”) announced today that it has arranged a $5.72 million acquisition loan for a 105-unit multifamily complex in Sebring, FL. Built in 1979 and renovated in 2019, the multifamily community consists of 20 buildings spread over 11.03 acres. The community’s unit mix comprises 28 two-bedroom [...]
ASC Arranges $5.95M Refinance for Multifamily Complex in Augusta, GA
Chicago, IL – April 29, 2021 – American Street Capital (“ASC”) announced today that it has arranged a $5.95 million cash-out refinance loan for a 56-unit multifamily complex in Augusta, GA. The city of Augusta is located in northeast Georgia and is home to Augusta National Golf Club, the host of the PGA Tour Masters [...]
American Street Capital Secures $14M Refinance for Multifamily Portfolio in Macomb, IL
Chicago, IL – March 24, 2021 – American Street Capital (“ASC”) announced today that it has secured a $14.3 million refinance loan for a 317-unit multifamily portfolio in Macomb, IL. Built between 2002 and 2005, the portfolio consists of four separate complexes scattered throughout Macomb which is located approximately 75 miles south of the Quad [...]