Maplewood Apartments

Location: Louisville, KY
Type: Multifamily
Price: $10,800,000

SMC has provided a $10,800,000 first mortgage loan to facilitate the acquisition of Maplewood Apartments. The loan has a 5-year term with a 24-month interest only period. The 292-unit multifamily property is 95.2% occupied, includes a total of 94 parcels and comprises over 50% of the Norfolk Estates Neighborhood. Located a few blocks from Highway 150, the property is well connected to the entire Louisville metro area.