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.
Founder and President of Real Capital Analytics Inc
Robert M. White, Jr., CRE, is the founder and president of Real Capital Analytics Inc., an international research firm that publishes the Capital Trends Monthly. Real Capital Analytics provides real time data concerning the capital markets for commercial real estate and the values of commercial properties. Mr. White is a noted authority on the real estate capital markets with credits in the Wall Street Journal, Barron’s, The Economist, Forbes, New York Times, Financial Times, among others. He is the 2014 recipient of the James D. Landauer/ John R. White Award given by The Counselors of Real Estate. In addition, he was named one of National Real Estate Investor Magazine’s “Ten to Watch” in 2005, Institutional Investor’s “20 Rising Stars of Real Estate” in 2006, and Real Estate Forum’s “10 CEOs to Watch” in 2007. Previously, Mr. White spent 14 years in the real estate investment banking and brokerage industry and
ASC Secures $10.24 Million Acquisition Loan for Multifamily Community in Burbank, IL Chicago, IL, January 08, 2021 (PR.com) American Street Capital (“ASC”) announced today that it has secured a $10.24 million acquisition loan for a multifamily community located in Burbank, IL.
Built in 1983, the multifamily community consists of 27 simplex style buildings containing 173 units on 6.31 acres. The unit mix comprises of 87 one-bedroom and 86 two-bedroom units with an average size of 952 square feet. Additional amenities included on-site management, 300 parking spaces, in-unit mechanicals, and in-unit laundry. Burbank is a southwestern suburb of Chicago and is approximately 15 miles from the central business district. This is the first time the property has traded since it was built.
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.