CHICAGO, IL - American Street Capital (“ASC”) announced today that it has arranged $3.9 million in financing for a 112-unit multifamily complex with retail located in Milwaukee, WI. The transaction closed in June, 2017.
ASC exclusively represented the sponsor to secure the refinance loan for a multi-family complex located in the Timmerman West neighborhood of Milwaukee, WI. The complex consisting of seven two story buildings which includes a single retail location is located on 7.39 acres and was built in 1984. The complex’s amenities include a pool, running paths, underground parking, laundry facilities, and on-site property management.
ASC secured the desired proceeds and non-recourse loan structure highlighted by full term interest-only payments. The loan featured a non-recourse, fully assumable structure and was placed with a correspondent DUS agency lender.
The loan was originated by Igor Zhizhin, the President of ASC.
American Street Capital, LLC (“ASC”) is a national commercial real estate finance advisory firm with extensive correspondent lending relationships. ASC specializes in securing balance sheet and CMBS loans for multi-family, mixed-use, student housing, mobile home parks, assisted living, hospitality, retail, office, owner-occupied properties, and traditional investment properties from $750,000 to $50,000,000.