1406 N. Chester Street

Location: Myrtle Beach, SC
Type: Other
Price: $ 4,100,000

SMC has provided an $4,100,000 first mortgage Loan to refinance existing debt on the Property, with approximately $850,000 of equity returned to the Sponsor. An affiliate of the Sponsor executed a 15-year lease on the Property. The Property is located at 1406 North Chester Street, which is on the main stretch of Myrtle Beach, right at the beginning of the Myrtle Beach Boardwalk.