American Street Capital Secures $4.2M Loan For Refinancing Of 60-Unit Apartment Complex In Loves Park
This MultiFamily property located in IL received a loan of $4,200,000 18 days ago. The broker of the deal was Igor Zhizhin
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.
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6006 Elm Court