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Boston & New England  + Metro Boston  + Finance  | 

American Street Arranges $30M for Brookline, MA MF

Chicago-based American Street Capital (ASC) arranged a $30.4 million loan for a 111-unit, high-rise multifamily property in Brookline, MA. Built in 1965, the 15-story tower includes a mix of one and two-bedroom apartments averaging 1,014 square feet.

The asset is located immediately west of Boston in an affluent area. The property’s amenities include a 92-space subterranean parking garage, rooftop pool with pavilion, laundry facilities and a tenant lounge.

American Street exclusively represented a family office sponsor to secure the fixed rate refinance, transitioning the asset out of the floating rate loan ASC originated in 2016. The loan structure featured a non-recourse 15-year fixed term with an initial eight years of interest only on a 30-year amortization schedule. The loan was placed with a correspondent agency lender.

The loan was co-originated by ASC’s Igor Zhizhin and Alexander F. Rek.

Connect Apartments is planned June 20th in Los Angeles. You can get more information and register to attend on this link.

Connect With ASC’s Zhizhin


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services. Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms. • Marketed more than 1 Billion Square Feet of Office Space • 70,000 Multifamily/Condo Units • 15,000 Single Family Homes • 30 Million Square Feet of Retail Space • Representing Roughly $100 Billion in Investment In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University. Dennis’s has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.

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