ASC Closes $2.45 million Refinance for Multifamily in South Shore
Chicago, IL – June 4, 2020 – American Street Capital (“ASC”) announced today that it has secured a $2.45 million cash-out refinance loan for a 52-unit multi-family building in Chicago, IL. The sponsor, a seasoned owner and operator throughout Chicago, requested a significant cash-out with flexible pre-payment with less than 6 months of stabilization in [...]
American Street Capital Arranges $5.15 million for Multifamily in Chicago
Chicago, IL – May 19, 2020 – American Street Capital (“ASC”) announced today that it has arranged $5.15 million refinance for an 18-unit multi-family property in Chicago, IL. American Street Capital worked exclusively on behalf of the sponsor to secure a fixed rate and term refinance loan for a multi-family property in the Andersonville community [...]
ASC Secures $1.3 million Refinance for Multifamily in Long Beach, MS
Chicago, IL – April 23, 2020 – American Street Capital (“ASC”) announced today that it has secured a $1.3 million cash-out refinance loan for a 48-unit multi-family complex in Long Beach, Mississippi. Located approximately 17 miles west of Biloxi, the seven building garden style multifamily complex was built in 1969 and was renovated by current [...]
ASC Arranges $1.98 million Refinance for Multifamily in Logan Square
Chicago, IL – March 10, 2020 – American Street Capital (“ASC”) announced today that it has arranged a $1.98 million cash-out refinance loan for a 23-unit multi-family building in Chicago, IL. Built in 1899, the three-story walk-up multifamily building is located in Chicago’s Logan Square neighborhood within close proximity to public transit. The unit mix [...]
ASC Secures $2.12 million Refinance for Multifamily in Helena, MT
Chicago, IL – February 25, 2020 – American Street Capital (“ASC”) announced today that it has secured a $2.12 million cash-out refinance loan for a 40-unit multi-family building in Helena, MT. Built in 1963, the three-story garden style building is situated on 0.52 acres located in downtown Helena. The unit mix is composed of studio, [...]
ASC Provides $10.92 Million Bridge Loan for Multifamily Complex in Alsip, IL
Chicago, IL – February 5, 2020 – American Street Capital (“ASC”) announced today that it has secured a $10.92 million bridge 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 [...]
ASC Secures $7 million Loan for Multifamily Building in Logan Square
Chicago, IL – January 9, 2020 – American Street Capital (“ASC”) announced today that it has secured a $7.06 million permanent loan for a 45-unit multifamily building in Chicago's Logan Square. 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 Arranges $5.56 Million for Multifamily Complex in Palatine, IL
Chicago, IL – November 13, 2019 – American Street Capital (“ASC”) announced today that it has arranged a $5.56 million permanent loan for a 62-unit multifamily complex located in Palatine, IL. Built in 1968 and renovated in 2016, the garden style complex is composed of four buildings containing 62 units. Unit mix includes 30 two-bedroom [...]