ASC Arranges $12.59 Million for Multifamily LIHTC Portfolio in Florida
Chicago, IL, December 19, 2020 --(PR.com)-- American Street Capital (“ASC”) announced today that it has arranged $12.59 million in permanent loans for the acquisition of two LIHTC multifamily communities located in Florida.
The first of the two deals include a $6,963,000 permanent loan for the acquisition of a 144-unit LIHTC community in Sebring, FL. Built in 2001, the property consists of 63 one-story duplexes and nine two-story duplexes that are rent restricted to at or below 60 percent of the area median income (AMI). On-site amenities include a clubhouse, swimming pool, laundry facility, on-site management office, fitness center, basketball courts, playground and 209 parking spaces.