Evergreen Village Apartments

Location: Elyra, OH
Type: Multifamily
Price: $ 4,050,000

SMC has provided a $4,050,000 first mortgage loan to fund capital improvements and refinance existing debt collateralized by Evergreen Village, a 93% occupied, 132 unit Class B garden-style apartment property located in Elyria, OH, 24 miles outside of the Cleveland metro area. The property consists of ten two-story buildings originally constructed in 1965 and significantly renovated in 2004. Amenities include patios/balconies, high-speed internet-access, on-site laundry facilities, and 24-hour emergency maintenance.