American Street Capital Refinances Mixed-Use Property At 937-941 W. Belmont In Lakeview, Chicago For $12M

A mixed-use property located at 937-941 W. Belmont in Lakeview, Chicago has recently been involved in a closed transaction. The property has a total square footage of 29,482 and is situated in a prime location in the Lakeview market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $12,000,000
• Loan Type: Refinance
• Loan Terms: Partial Recourse 5-year Fixed Term on a 30-year Amortization

The deal was facilitated by Igor Zhizhin from American Street Capital, who represented the parties involved in the transaction. The loan amount for the refinance was $12,000,000. The terms of the loan include a partial recourse structure with a 5-year fixed term and a 30-year amortization schedule.