Light Industrial

/Tag: Light Industrial
8 10, 2020

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 [...]

12 09, 2018

ASC secures $2.7 million for 255k SF Industrial in Melrose Park, IL

Chicago, IL – September 12, 2018 – American Street Capital (“ASC”) announced today that it has secured a $2,700,000 bridge loan for a light industrial building located in Melrose Park, IL. Built in 1951, the two story, 255,565 SF  industrial building is situated on 7.56 acres and was acquired vacant with the intent to divide [...]

5 06, 2018

ASC secures $2.27 million for Light Industrial in Chicago, IL

Chicago, IL – June 5, 2018 – American Street Capital (“ASC”) announced today that it has secured $2.27 million permanent loan for a light industrial building located in Chicago, IL. Built in 1910 and located in Chicago’s Hermosa neighborhood, the two story, 133,000 RSF light industrial building was acquired in poor condition.  The sponsor repositioned [...]