Village Square Apartments

Location: Lafayette, IN
Type: Multifamily
Price: $6,787,500

SMC provided a $6,787,500 senior loan to refinance the existing CMBS loan on a 204 unit, garden style multi-family property located in Lafayette, IN. Subject was built in 1973, sits atop 13.85 acres, and is improved with 11, two-story apartment buildings. Project amenities include fitness center, playground, dog park, swimming pool, on-site management, and clubhouse. The occupancy at time of closing was 94.6%.