Press Releases
ASC Secures $4.27M Bridge Loan for Multifamily Portfolio in Wichita, KS
Chicago, IL – January 18, 2022 – American Street Capital (“ASC”) announced today that it has secured a $4,275,000 acquisition bridge loan for a 180-unit multifamily portfolio in Wichita, KS. Built in 1941 and recently renovated, the 50-building multifamily complex contains 180 units with a unit mix consisting of studios and one- and two-bedroom apartments. [...]
ASC Secures $3.26 Million Acquisition Loan for Multifamily Complex in Kenosha
Chicago, IL – January 10, 2022 – American Street Capital (“ASC”) announced today that it has secures a $3.26 million acquisition loan for a 56-unit multifamily complex in Kenosha, WI. Located approximately 66 miles from the Chicago central business district, Kenosha is one of the southernmost cities in Wisconsin. In recent years, it has become [...]
ASC Secures $11.45MM Loan for Multifamily Complex in Alsip, IL
Chicago, IL – December 15, 2020 – American Street Capital (“ASC”) announced today that it has secured a $11.45 million permanent loan for a 144-unit multifamily complex in Alsip, IL. Located approximately 24 miles from the Chicago central business district, Alsip is a southwest suburb with easy access to public transportation and interstate expressways. Built [...]
American Street Capital Named 2021 Best of the Best by Midwest RE News
Chicago, IL – December 6, 2021 – American Street Capital (“ASC”) was recently named a Top Financial Intermediary in Midwest Real Estate News “Best of the Best” for the fifth 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 [...]
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 [...]