REBusinessOnline

ASC Arranges $15.4M Refinancing for Chicago Multifamily Portfolio

The seven properties are located in Chicago’s Bronzeville and Kenwood neighborhoods.

CHICAGO — American Street Capital (ASC) has arranged $15.4 million in permanent loans for the refinancing of a seven-building multifamily portfolio located in Chicago’s Bronzeville and Kenwood neighborhoods. The recent acquisitions required significant amenity upgrades. The portfolio was approximately 90 percent occupied at closing. Igor Zhizhin and Alexander Rek of ASC arranged seven non-recourse loans on behalf of the Chicago-based borrower.

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