South Shore

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9 08, 2023

ASC Secures $2MM Cash Out Refinance Loan for Chicago Multifamily

Chicago, IL – August 9, 2023 – American Street Capital (“ASC”) announced today that it has secured a $2,054,000 cash-out refinance loan for a 24-unit multifamily located in Chicago, IL. The Woodlawn neighborhood is located on Chicago’s south side with close proximity to the University of Chicago and the lakefront-adjacent Jackson Park.  Built in 1902, [...]

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.  [...]

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 [...]

22 10, 2019

ASC Arranges $13.6 million for Chicago South Side Multifamily Portfolio

Chicago, IL – October 22, 2019 – American Street Capital (“ASC”) announced today that it has arranged $13.62 million in permanent debt for a twenty building multifamily portfolio located in Chicago, IL. The portfolio, consisting of 214 units scattered over 20 buildings, is located on Chicago’s south side in various neighborhoods such as Bronzeville, Kenwood, [...]