17 05, 2022

ASC Closes $3.88MM Refinance for Multifamily Portfolio in South Shore

Chicago, IL – May 17, 2022 – American Street Capital (“ASC”) announced today that it has arranged a $3.88 million cash-out refinance for a 57-unit multifamily portfolio located in Chicago, IL. The sponsor, a seasoned owner operator, wanted to take advantage of historically low interest rates and secure long-term debt to support his investment strategy.  [...]

3 05, 2022

ASC Secures $16.5 Million Bridge Loan for Vacant Multifamily Community in Atlanta

Chicago, IL – May 3, 2022 – American Street Capital (“ASC”) announced today that it has secured a $16.5 million value-add bridge loan for the 238-unit apartment community located in Atlanta, GA. The 1955-built, 184,592 square foot garden-style property was acquired vacant and not habitable by the sponsor.  The community will undergo extensive exterior and [...]

22 03, 2022

ASC Secures $3.2MM Loan for Multifamily in Baltimore

Chicago, IL – March 22, 2022 – American Street Capital (“ASC”) announced today that it has arranged a $3.2 million cash-out refinance loan for a 33-unit multifamily building in Baltimore, MD. Located approximately 5 miles west of the Baltimore central business district, the Forest Park neighborhood is primarily residential with proximity to Lake Ashburton.  Built [...]

31 01, 2022

ASC Arranges $3MM Bridge Loan for Shaker Heights Multifamily

Chicago, IL – January 31, 2022 – American Street Capital (“ASC”) announced today that it has arranged a $3,080,000 cash-out refinance bridge loan for a 100-unit multifamily building in Shaker Heights, OH. Shaker Heights is an affluent suburb of Cleveland located on the eastern edge of the city limits.  The building is within walking distance [...]