American Street Capital (ASC) has successfully arranged a $41.6 million loan for a five-property investment portfolio located in Palm Beach County, Florida. ASC worked exclusively with their foreign national client to secure the bridge loan, which included full-term interest reserve and non-recourse financing with limited pre-payment penalty options. The properties were comprised of both occupied multi-family and vacant residential investments located in the Palm Beach metropolitan area.
Igor Zhizhin, Principal at ASC, was responsible for originating the time sensitive transaction that required extensive structuring while providing flexibility for partial releases of ancillary collateral used to refinance a portfolio loan. Based out of Chicago, American Street Capital is an experienced commercial mortgage banking firm specializing in balance sheet and CMBS loans for multifamily housing units as well as mixed use buildings such as student housing facilities or assisted living centers along with retail stores or office spaces across the nation through correspondent lending relationships
