Acquisition loan

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16 06, 2021

ASC Secures $4.84 million for Affordable Multifamily Community in Greenville, NC

Chicago, IL – June 16, 2021 – American Street Capital (“ASC”) announced today that it has arranged a $4.84 million acquisition loan for a 100-unit affordable multifamily community in Greenville, NC. Located approximately 88 miles west of Raleigh, Greenville is home to East Carolina University and Vidant Medical Center which is the fifth largest hospital [...]

6 01, 2021

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 [...]

17 12, 2020

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.  [...]

25 09, 2020

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- [...]

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