Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
OhioFinance

ASC closes $2.85 million refinance for Ohio apartment complex

April 26, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

American Street Capital arranged a $2.85 million refinance for a 109-unit multifamily complex in Lorain, Ohio.

Built in 1972 and renovated in 2018, the multifamily complex consists of seven two-story buildings on 4.9 acres. Unit mix is broken down into 67 two-bedroom and 42 one-bedroom units with an average unit size of 672 square feet. Additional amenities include an onsite leasing office, laundry facilities, external storage units and 92 surface parking spaces.

The complex was originally acquired through two transactions to assemble the seven contiguous buildings. ASC worked on behalf of the sponsor to structure the five-year fixed non-recourse loan on a 30-year amortization schedule with a correspondent CMBS lender.

The loan was originated by Igor Zhizhin, the President of ASC.

Tags
american street capitalfinanceLorrainemultifamilyOhio
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasCRE

Will Haynes, II, joins CBRE as an executive vice president in Dallas

June 7, 2023
TexasRetail

Si Tapas to open Crockett Row location

June 7, 2023
IllinoisCRE

Fehr Graham jumps 22 spots on Zweig Group’s Hot Firm List

June 7, 2023
IllinoisMultifamily

Kiser Group’s Birk | Sklar team achieves remarkable May closings

June 7, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com