Southwinds Stockbridge Apartments

Location: Stockbridge, GA
Type: Multifamily
Price: $ 13,750,000

SMC has provided a $13,750,000 first mortgage loan used to finance the acquisition of Southwinds Stockbridge Apartments, a 97% occupied, 240-unit, Class-A garden-style apartment property located in Stockbridge, GA, 19 miles from downtown Atlanta. The Property was originally developed in 1993 and was extensively renovated in 2007. Amenities include a pool and club room, a fitness center, and spacious units with an average unit size of 940 SF. Post-closing, the sponsor will execute a capital improvement program to improve unit interiors of 96 units, and upgrade common areas and on-site facilities.