Chicago, IL – May 19, 2020 – American Street Capital (“ASC”) announced today that it has arranged $5.15 million refinance for an 18-unit multi-family property in Chicago, IL.

American Street Capital worked exclusively on behalf of the sponsor to secure a fixed rate and term refinance loan for a multi-family property in the Andersonville community of Chicago.  Andersonville is a thriving urban neighborhood located on Chicago’s North side.   The subject property was acquired in 2010 and fully remodeled by 2012 offering best in class condo quality amenities including a heated indoor parking garage, elevator, fitness center, party room, and rooftop deck.  The asset was 100 percent occupied at closing.

The sponsor, an existing client, was approaching the maturity of his original 5-year fixed term and wanted to capitalize on historically low interest rates.  ASC structured the non-recourse 20-year term consisting of 10-years fixed and 10-years floating on a 30-year amortization schedule.  The loan was placed with a correspondent agency lender.

The loan was originated by Igor Zhizhin, the President of ASC.

About American Street Capital

American Street Capital (“ASC”) is a Chicago-based national commercial mortgage banking firm with correspondent lending relationships specializing in securing balance sheet and CMBS loans for multifamily, mixed-use, student housing, mobile home parks, assisted living, hospitality, retail, office, owner-occupied properties, and traditional investment properties. With its diverse correspondent relationships ranging from private lenders to government agencies, ASC offers a consultative, customized approach to sourcing commercial real estate debt that is unique among its competitors. Focusing primarily on the more challenging transactions in the small balance segment for loans up to $50MM, ASC has established a national reputation of offering best in class customer service and loan structures that historically were exclusively available to large balance institutional clients. Further information is available at www.amstcap.com. In 2019, ASC celebrated its 10th anniversary and was named a Top Financial Intermediary by Midwest Real Estate Magazine and National Real Estate Investor Magazine.

Contacts
American Street Capital
121 West Wacker Drive, Suite 2206
Chicago, IL 60601
312-224-1391
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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, and Southshore.  The sponsor, a Chicago based REIT, originally acquired the assets distressed and completed substantial capital improvements to lease-up and stabilize the multifamily buildings.  The portfolio includes a mix of market and subsidy tenants and was over 95% occupied at closing.

Due to programmatical guidelines, the portfolio was separated into three separate loans based on the geography and size of the buildings.  Each loan was structured with a 10-year fixed term including 5-years of interest only on 30-year amortization schedule.  The loans were placed with a correspondent agency lender.

The loans were co-originated by Igor Zhizhin and Alexander F. Rek.

About American Street Capital

American Street Capital (“ASC”) is a Chicago-based national commercial mortgage banking firm with correspondent lending relationships specializing in securing balance sheet and CMBS loans for multifamily, mixed-use, student housing, mobile home parks, assisted living, hospitality, retail, office, owner-occupied properties, and traditional investment properties. With its diverse correspondent relationships ranging from private lenders to government agencies, ASC offers a consultative, customized approach to sourcing commercial real estate debt that is unique among its competitors. Focusing primarily on the more challenging transactions in the small balance segment for loans up to $50MM, ASC has established a national reputation of offering best in class customer service and loan structures that historically were exclusively available to large balance institutional clients. Further information is available at www.amstcap.com. In 2018, ASC closed over 50 transaction across multiple states and was named a Top Financial Intermediary by Midwest Real Estate Magazine and National Real Estate Investor Magazine.

Chicago, IL – May 17, 2019 – American Street Capital (“ASC”) announced today that it has arranged a $30.4 million loan for a 111-unit multifamily high rise located in Brookline, MA.

Built in 1965, the 15-story multifamily tower contains a total of 111 units with a unit mix of one- and two-bedroom apartments averaging 1,014 square feet.  Located immediately west of Boston, in the affluent Brookline area, the property’s amenities include a 92 space subterranean parking garage,  rooftop pool with pavilion, laundry facilities and a tenant lounge.

ASC exclusively represented the sponsor to secure the fixed rate refinance transitioning the asset out of the floating rate loan ASC originated in 2016.  The loan structure featured a non-recourse 15-year fixed term with an initial eight years of interest only on a 30-year amortization schedule.  The loan was placed with a correspondent agency lender.

The loan was co-originated by Igor Zhizhin, the President of ASC and Alexander F. Rek, the Director of Operations.

Chicago, IL – May 17, 2019 – American Street Capital (“ASC”) announced today that it has arranged a $30.4 million loan for a 111-unit multifamily high rise located in Brookline, MA.

Built in 1965, the 15-story multifamily tower contains a total of 111 units with a unit mix of one- and two-bedroom apartments averaging 1,014 square feet.  Located immediately west of Boston, in the affluent Brookline area, the property’s amenities include a 92 space subterranean parking garage,  rooftop pool with pavilion, laundry facilities and a tenant lounge.

ASC exclusively represented the sponsor to secure the fixed rate refinance transitioning the asset out of the floating rate loan ASC originated in 2016.  The loan structure featured a non-recourse 15-year fixed term with an initial eight years of interest only on a 30-year amortization schedule.  The loan was placed with a correspondent agency lender.

The loan was co-originated by Igor Zhizhin, the President of ASC and Alexander F. Rek, the Director of Operations.

Chicago, IL – May 17, 2019 – American Street Capital (“ASC”) announced today that it has arranged a $30.4 million loan for a 111-unit multifamily high rise located in Brookline, MA.

Built in 1965, the 15-story multifamily tower contains a total of 111 units with a unit mix of one- and two-bedroom apartments averaging 1,014 square feet.  Located immediately west of Boston, in the affluent Brookline area, the property’s amenities include a 92 space subterranean parking garage,  rooftop pool with pavilion, laundry facilities and a tenant lounge.

ASC exclusively represented the sponsor to secure the fixed rate refinance transitioning the asset out of the floating rate loan ASC originated in 2016.  The loan structure featured a non-recourse 15-year fixed term with an initial eight years of interest only on a 30-year amortization schedule.  The loan was placed with a correspondent agency lender.

The loan was co-originated by Igor Zhizhin, the President of ASC and Alexander F. Rek, the Director of Operations.

Chicago, IL – April 25, 2019 – American Street Capital (“ASC”) announced today that it has arranged a $2.85 million refinance for a 109-unit multifamily complex located in Lorain, OH.

Built in 1972 and renovated in 2018, the multifamily complex consists of seven two-story buildings situated on 4.9 acres.  Unit mix is broken down into 67 two-bedroom and 42 one-bedroom units with an average unit size of 672 square feet.  Additional amenities include an onsite leasing office, laundry facilities, external storage units, and 92 surface parking spaces.

The complex was originally acquired through two transactions in order to assemble the seven contiguous buildings.  ASC worked on behalf of the sponsor to structure the 5-year fixed non-recourse loan on a 30-year amortization schedule with a correspondent CMBS lender.

The loan was originated by Igor Zhizhin, the President of ASC.