Holland Crossing Apartments

Location: Maumee, OH
Type: Multifamily
Price: $ 3,750,000

SMC has provided a $3,750,000 ten-year fixed rate first mortgage to refinance the existing debt collateralized by Holland Crossing Apartments, 120 units of a larger 128-unit Class A multifamily complex located in Maumee, OH. The improvements consist of eight 2-story garden-style apartment buildings that were originally constructed between 1970 and 1972 and were completely renovated between the fourth quarter of 2008 and the third quarter of 2012. The Property is positioned within a mature residential area that falls within the Springfield school district. The Subject is located approximately 1.0 mile from the nearest access points to multiple freeway systems, including the Ohio Turnpike, Interstates 90 and 475, and several major commercial corridors, including Airport Highway (east-west thoroughfare) and Reynolds Road (north-south thoroughfare).