Holiday Center Apartments

Location: Detroit, MI
Type: Multifamily
Price: $ 2,850,000

SMC has provided a $2,850,000 first mortgage loan to refinance existing debt collateralized by Holiday Center Apartments, a 78-unit, Class B garden-style multifamily community located in Clinton Township, a suburban community outside of Detroit, MI. The Property has historically maintained an average occupancy of greater than 95%, and as has been owned and operated by the original developer for nearly four decades. Residence amenities include updated appliances including dishwasher and disposal, and unit air conditioning, with some units including full-size in-unit washer and dryers. Community amenities include a swimming pool, laundry facilities in each building and covered parking