Georgetown South Apartments

Location: Lafayette, IN
Type: Multifamily
Price: $6,412,500

SMC provided a $6,412,500 senior loan to refinance the existing CMBS loan on a 216 unit, garden style multi-family property located in Lafayette, IN. Subject was built in 1964 and is improved with 11, three-story apartment buildings. Project amenities include swimming pool, on-site management, and laundry facility within each building. The occupancy at time of closing was 98.2%.