Company continued to expand its local and national footprint during pandemic
Capitalized on extensive correspondent relationships that were still actively lending during COVID
American Street Capital (ASC) is a national commercial mortgage banking firm headquartered in Chicago. In 2020, despite the challenging times, ASC and its team of principals Igor Zhizhin, James Bogard and Alexander Rek continued to expand its local and national footprint by capitalizing on its extensive correspondent relationships that were still actively lending during COVID.
Notable transactions included a $10,600,000 bridge loan for the rehab and reposition of a 144-unit multifamily community in Alsip, IL. The planned improvements will modernize the community and provide affordable workforce housing in the area. Another notable transaction was a $12,590,000 acquisition loan for two LIHTC multifamily communities located in Sebring and Bowling Green, FL. Both of these communities are rent restricted to or at below 60% of the area median income, providing affordable housing in their respective markets.
These are some of the reasons we selected the ASC team for inclusion in our first-ever Top Mortgage brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).