Carriage Hills

Location: Pensacola, FL
Type: Multifamily
Price: $ 6,750,000

Carriage Hills is a 46-building, 259-unit garden style, Class B multifamily property located in Pensacola, Florida. Built between 1971 and 1972, the property underwent significant renovations in 2004 and 2011. SMC’s $6,750,000 first mortgage facilitated the refinancing of the existing debt with Freddie Mac. SMC was pleased to be able to execute this financing for a first-time CMBS borrower.