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American Street Capital Arranges $5 72 Million Acquisition Loan for 105-Unit Multifamily Housing Community in Sebring, Florida

CHICAGO, IL – American Street Capital (“ASC”) announced today that it has arranged a $5.72 million acquisition loan for a 105-unit multifamily complex in Sebring, FL. Built in 1979 and renovated in 2019, the multifamily community consists of 20 buildings spread over 11.03 acres. The community’s unit mix comprises 28 two-bedroom and 77 one-bedroom units. Additional amenities include a clubhouse, laundry facilities, leasing office and on-site management. Recent.

ASC Arranges $12 59 Million for Multifamily LIHTC Portfolio in Florida

ASC Arranges $12.59 Million for Multifamily LIHTC Portfolio in Florida Chicago, IL, December 19, 2020 (PR.com) American Street Capital (“ASC”) announced today that it has arranged $12.59 million in permanent loans for the acquisition of two LIHTC multifamily communities located in Florida. The first of the two deals include a $6,963,000 permanent loan for the acquisition of a 144-unit LIHTC community in Sebring, FL. Built in 2001, the property consists of 63 one-story duplexes and nine two-story duplexes that are rent restricted to at or below 60 percent of the area median income (AMI). On-site amenities include a clubhouse, swimming pool, laundry facility, on-site management office, fitness center, basketball courts, playground and 209 parking spaces.

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