American Street Capital Secures $4.2M Loan For Refinancing Of 60-Unit Apartment Complex In Loves Park | 6006 Elm Court | Igor Zhizhin | MultiFamily | Loan

Summary

Loan

ILLINOIS

MultiFamily

American Street Capital (ASC) arranged a $4.2 million CMBS loan for the refinancing of a 60-unit apartment complex located at 6006 Elm Court in Loves Park. The multifamily property is situated in the market of Loves Park and North of Rockford.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $4,200,000
Units: 60
Address: 6006 Elm Court
Market: Loves Park

The loan secured by a seasoned owner-operator in the market is a 10-year loan with a fixed interest rate and two years of interest-only payments. Igor Zhizhin from American Street Capital represented the owner in this transaction.

Players

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2

Agents
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Agencies
1

Igor Zhizhin

Principal & Founder

American Street Capital

Details

Deal Summary

FINANCED

IMAGE: Igor Zhizhin DATE: 11/17/2023 ADDRESS: 6006 Elm Court MARKET: Loves Park ASSET TYPE: Multifamily ~ UNITS: 60 BROKER: Igor Zhizhin - American Street Capital LOAN AMOUNT: $4,200,000 LOAN TERMS: 10-year loan, which features a fixed interest rate and two years of interest-only payments NOTE: American Street Capital (ASC) arranged a $4.2 million CMBS loan for the refinancing of a 60-unit apartment complex in Loves Park, north of Rockford. The 10-year loan, with a fixed interest rate and two years of interest-only payments, was secured by a seasoned owner-operator in the market.

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Address6006 Elm Court

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