Ashland Lakeview Apartments

Location: Stone Mountain, GA
Type: Multifamily
Price: $ 3,050,000

SMC’s $3,050,000 short-term LIBOR-based first mortgage facilitated the Borrower’s acquisition of the Property following the Borrower’s winning bid on Auction.com. The Property is a 255-unit garden style multifamily property in Stone Mountain, Georgia (Atlanta metro). Built in 1979, the Property consists of 27, 2-story residential buildings with an average unit size of 916 SF. The Property also contains a clubhouse/leasing office, maintenance building and a laundry building.