Press releases
ASC Arranges $1.8 million Cash Out Refinance for Multifamily in Evanston, IL
Chicago, IL – December 3, 2021 –American Street Capital (“ASC”) announced today that it has secured a $1,875,000 cash-out refinance loan for a multifamily building located in Evanston, IL. Built in 1960, the two story California style multifamily building is located 12 miles North of Chicago in the affluent suburb of Evanston. Evanston is home [...]
ASC Secures $2.37M Cash-Out Refinance for Multifamily in Cleveland, OH
Chicago, IL – November 11, 2021 – American Street Capital (“ASC”) announced today that it has secured a $2.37 million cash-out refinance loan for a multifamily building in Cleveland, OH. Located in the Hingetown enclave of Cleveland, the four story brick and timber building warehouse was converted into apartments in 2005. The current sponsor acquired [...]
ASC Secures $3.7M Refinance Loan for Multifamily in Albany Park
Chicago, IL – November 9, 2021 – American Street Capital (“ASC”) announced today that it has secured a $3.7 million cash-out refinance loan for a 25-unit multifamily building in Chicago, IL. Built in 1927 and renovated in 2019, the four-story multifamily courtyard building’s unit mix is composed of one-, two-, and three-bedroom apartments with condo [...]
ASC Secures $1.7M Acquisition Loan for Multifamily in Aurora, Colorado
Chicago, IL – October 27, 2021 – American Street Capital (“ASC”) announced today that it has secured $1.7 million acquisition loan for a 18-unit multifamily building in Aurora, Co. Located 9.5 miles east of downtown Denver along I70, Aurora is Colorado’s third largest city. Built in 1969, the 18-unit walk-up multifamily building contains a unit [...]
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 [...]