ASC Secures $2.46 million for Multifamily Complex in Worth, IL
Chicago, IL – June 23, 2020 – American Street Capital (“ASC”) announced today that it has secured a $2.46 million permanent acquisition loan for a 56 unit multifamily complex located in Worth, IL. Located approximately 25 miles from the Chicago central business district, the California style multifamily complex is composed of two buildings totaling 56 [...]
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. [...]