The Westbury

Location: North Olmsted, OH
Type: Multifamily
Price: $ 10,800,000

SMC has provided a single $10,800,000 ten-year fixed rate first mortgage to refinance the existing debt collateralized by The Westbury, a 285 unit Class B+ high-rise apartment building located in North Olmsted, OH. The Property benefits from its unique location within the Great Northern Commercial District, a major regional trade area with a heavy concentration of commercial activity that is in close proximity to I-480, the Cleveland-Hopkins International Airport, multiple hotels, Class A office parks, a Super Wal-Mart, a newly developed lifestyle retail center anchored by Target, and the Westfield Group’s Great Northern Mall, a 1.1 million square foot shopping destination.