American Street Capital Secures $6.6M Acquisition Loan for Multifamily Property in Chicago
Located in Chicago’s South Loop, the multifamily property features 30 units in a mix of one- and two-bedroom layouts.
CHICAGO — American Street Capital has secured $6.6 million in acquisition financing for a seven-story, multifamily portion of a mixed-use property located in Chicago’s South Loop. Provided by a correspondent life insurance company lender, the non-recourse, 15-year loan includes a 30-year amortization schedule. The recently renovated property features 30 apartment units in a mix of one- and two-bedroom layouts. Igor Zhizhin of American Street Capital originated the loan for the undisclosed borrower.