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 [...]
ASC Arranges $2.18 million for MultiFamily in Crystal Lake, IL
Chicago, IL – September 25, 2020 – American Street Capital (“ASC”) announced today that it has arranged $2.18 million acquisition loan for a 17-unit multifamily building located in Crystal Lake, IL. Located in downtown Crystal Lake, the repurposed property was converted from an office building to a luxury multifamily building. The new one- and two- [...]
ASC Arranges $5.5 million for Multifamily Complex in Omaha
Chicago, IL – September 14, 2020 – American Street Capital (“ASC”) announced today that it has arranged $5.55 million cash-out refinance loan for a 111-unit multifamily complex located in Omaha, NE. Built in 1968 and located in central Omaha, the complex’s unit mix includes studio, one-, two-, and three-bedroom residences, with updated interiors and private [...]
ASC Secures $2.4 million Refinance for Multifamily in Boynton Beach, FL
Chicago, IL – August 13, 2020 – American Street Capital (“ASC”) announced today that it has secured a $2.4 million cash-out refinance loan for a 24-unit multifamily building located in Boynton Beach, FL. Built in 1967, the two-story California style walkup multifamily building is located in the Ocean Ridge neighborhood within close proximity to the [...]
ASC Secures $6.6 million for Multifamily in Naperville, IL
Chicago, IL – July 29, 2020 – American Street Capital (“ASC”) announced today that it has secured a $6.6 million cash-out refinance loan for a 60-unit multifamily building in Naperville, IL. Located approximately 33 miles from the Chicago central business district, Naperville is an affluent western suburb with a small concentration of apartment units. Built [...]