ASC Arranges $4.1M Acquisition Loan for Mixed-Use Property in Chicago
CHICAGO — American Street Capital has arranged a $4.1 million loan for the acquisition of a mixed-use property in Chicago’s Lincoln Park. Originally built in 1889, the building was recently renovated and consists of one ground-floor retail unit and eight residential units. The 20-year loan includes a 30-year amortization schedule and was funded through the Freddie Mac small balance program. Igor Zhizhin of ASC originated the loan.