REBusinessOnline

ASC Arranges $2.8M Refinancing for Apartment Community in Lorain, Ohio

LORAIN, OHIO — American Street Capital (ASC) has arranged a $2.8 million loan for the refinancing of a 109-unit apartment community in Lorain, about 30 miles west of Cleveland. Built in 1972 and renovated in 2018, the property consists of seven two-story buildings on nearly five acres. There are 67 two-bedroom units and 42 one-bedroom units. The average unit size is 672 square feet. Igor Zhizhin of ASC arranged the five-year, fixed-rate loan with a correspondent CMBS lender. The borrower was not disclosed.

Content Partners
‣ Bohler
‣ Lee & Associates
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Conferences


Subscribe to the newsletter

Read the Digital Editions

Midwest Multfiamily & Affordable Housing Business

Western Multfiamily & Affordable Housing Business

Texas Multfiamily & Affordable Housing Business

Southeast Multfiamily & Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews