Cash Out Refinance

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13 08, 2020

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 [...]

29 07, 2020

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 [...]

4 06, 2020

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 [...]

23 04, 2020

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 [...]

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