Courtyard on the Green Apartments

Location: Melbourne, FL
Type: Multifamily
Price: $ 6,000,000

SMC provided a $6,000,000 loan to finance the Borrower’s acquisition of Courtyard on the Green Apartments. The Property is a 166-unit garden style Class-B multifamily property located in Melbourne, Florida. Built in 1985, the Property consists of six 2-3 story buildings with an average unit size of 963 SF. The Property also includes a clubhouse/leasing office, a fitness center, a swimming pool, tennis courts, a racquetball court and views overlooking a golf course.