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American Street Capital Arranges $5.8M in Acquisition Financing for Multifamily Complex in Illinois

Westwood Apartments is a Class B apartment complex that was built in 1970.

Westwood Apartments is a Class B apartment complex that was built in 1970.

WAUKEGAN, ILL. — American Street Capital has arranged $5.8 million in acquisition financing for a 132-unit multifamily property in Waukegan for an undisclosed borrower. Westwood Apartments is a Class B apartment complex that was built in 1970. The property includes 11 two-story buildings. Amenities include an office suite, exercise room, playground, picnic area, laundry facilities and 225 parking spaces. Igor Zhizhin of American Street Capital originated the loan. The loan features a 10-year term.

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