Briarcliff Apartments

Location: Depew, NY
Type: Multifamily
Price: $ 7,450,000

The Briarcliff Apartments Loan is collateralized by a 248-unit garden style multifamily property located in Depew, New York. The 35-building property was developed in phases between 1986 and 1990 and is comprised of a mix of 37 studio units, 194 one bedroom/one bathroom units, and 17 two bedroom/one bathroom. SMC’s $9,450,000 first mortgage facilitated the refinancing of the existing mortgage.