ASC Arranges $3.12 Million for Light Industrial Park in Melrose Park, IL
Chicago, IL – January 20, 2021 – American Street Capital (“ASC”) announced today that it has arranged a $3.12 million permanent loan for a light industrial park located in Melrose Park, IL. Built in 1951, the two story, 255,565 square-foot industrial building is situated on 7.56 acres and was recently repositioned from a single tenant [...]
ASC Secures $10.24 million Acquisition Loan for Multifamily Community in Burbank, IL
Chicago, IL – January 6, 2021 – American Street Capital (“ASC”) announced today that it has secured a $10.24 million acquisition loan for a multifamily community located in Burbank, IL. Built in 1983, the multifamily community consists of 27 simplex style buildings containing 173 units on 6.31 acres. The unit mix comprises of 87 one-bedroom [...]
ASC Arranges $12.59 million for Multifamily LIHTC Portfolio in Florida
Chicago, IL – December 17, 2020 – American Street Capital (“ASC”) announced today that it has arranged $12.59 million in permanent loans for the acquisition of two LIHTC multifamily communities located in Florida. The first of the two deals include a $6,963,000 permanent loan for the acquisition of a 144-unit LIHTC community in Sebring, FL. [...]
ASC Secures $2.21 million Refinance for Multifamily in North Hollywood
Chicago, IL – December 4, 2020 – American Street Capital (“ASC”) announced today that it has secured a $2.21 million cash-out refinance loan for a 11-unit multifamily building located in North Hollywood, CA. Completed in 2020, the three-story multifamily building is located in the thriving NoHo arts district of Los Angeles. The individually metered units [...]
ASC Secures $3 million Permanent Loan for Office Building in River North
Chicago, IL – November 16, 2020 – American Street Capital (“ASC”) announced today that it has secured a $3 million permanent loan for an office building located in Chicago’s River North neighborhood. Built in 1920 and located in downtown Chicago’s River North neighborhood, the five-story, 25,000 SF office building was acquired vacant in early 2018. [...]
ASC Arranges $2.94 million Acquisition Loan for Multifamily in Mississippi
Chicago, IL – October 28, 2020 – American Street Capital (“ASC”) announced today that it has arranged a $2.94 million acquisition loan for a 120-unit multifamily community in Gulfport, Mississippi. Ideally located within close proximity to the region’s largest employers and the beach, the two-story townhouse style complex was built in 1970 and renovated in [...]
ASC Closes $1.45 million Loan for Light Industrial Property in Chicago
Chicago, IL – October 8, 2020 – American Street Capital (“ASC”) announced today that it has arranged a $1.45 million permanent loan for the refinance of an industrial property located in the Belmont Gardens neighborhood of Chicago, IL. The sponsor, an established operator throughout the Chicago market, specializes in multi-tenant industrial properties that target local [...]
American Street Capital Named 2020 Best of the Best by Midwest Real Estate News
Chicago, IL – October 7, 2020 – American Street Capital (“ASC”) was recently named a Top Financial Intermediary in Midwest Real Estate News “Best of the Best” for the forth consecutive year. The top financial intermediaries ranking reflects the total dollar volume of commercial real estate loans arranged in 13 Midwest states in calendar year [...]