Hillwood Apartments

Location: Montgomery, AL
Type: Multifamily
Price: $ 5,500,000

SMC provided a $5,500,000 loan to finance the Borrower’s acquisition of Hillwood Apartments via an REO sale through Auction.com. Built in 1982, the Property consists of thirty two-story buildings plus a freestanding resort-style clubhouse and leasing office. The Property also includes a large pool, tennis court, fitness center, controlled access gates, and a playground. At closing, the Property was approximately 92% occupied.