American Street Capital Secures $3.12M Loan For Industrial Property On Ruby Street

An industrial property located at 1950 Ruby Street in Melrose Park has recently been involved in a closed transaction. This property spans over 7.56 acres and boasts a total area of 255,565 square feet. The deal took place on January 21, 2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Date: 01/21/2021
• Address: 1950 Ruby Street, Melrose Park
• Market: 01/21/2021
• Area: 255,565 square feet
• Acreage: 7.56 acres

Igor Zhizhin from American Street Capital (ASC) represented the parties involved in this transaction. He played a crucial role as the broker in facilitating the deal. The loan amount secured for this property was $3,120,000, with the loan terms comprising a fixed term of seven years and a 25-year amortization schedule.