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American Street Capital (“ASC”) announced today that it has secured $3.0 million in permanent
financing for a self storage portfolio located in Branson, MO.
Chicago, IL, March 27, 2018 --(PR.com)-- American Street Capital (“ASC”) announced today that it has
secured $3.0 million in permanent financing for a self storage portfolio located in Branson, MO.
ASC exclusively represented the sponsors to secure the loan for the self storage portfolio consisting of 5
facilities, 20 buildings, and 694 units totaling 127,449 of rentable square feet. The portfolio was over 95%
occupied at the time of closing.
Acquired less than 18 months prior to the current loan, the clients were looking to secure a non-recourse
cash out loan as close to their total cost basis as possible. Through its established CMBS correspondent
relationships, ASC secured the loan featuring a non-recourse ten year fixed term on a 30 year schedule
which included a critical future funding earn-out component that reached 95% of the initial cost basis.
American Street Capital (“ASC”) is a Chicago-based national commercial real estate finance firm with
correspondent lending relationships specializing in securing balance sheet and CMBS loans for
multi-family, mixed-use, student housing, mobile home parks, assisted living, hospitality, retail, office,
owner-occupied properties, and traditional investment properties. With its diverse correspondent
relationships ranging from private lenders to government agencies, ASC offers a consultative, customized
approach to sourcing commercial real estate debt that is unique among its competitors. Focusing
primarily on the more challenging transactions in the small balance segment for loans up to $50MM,
ASC has established a national reputation of offering best in class customer service and loan structures
that historically were exclusively available to large balance institutional clients. Further information is
available at www.amstcap.com. Follow American Street Capital on Twitter @AmericanStCap.
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Contact Information:
American Street Capital
Alexander F. Rek
312-224-1391
Contact via Email
amstcap.com
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