GrandMarc at Riverside

Location: Riverside, CA
Type: Student Housing
Price: $33,000,000

SMC has provided a $33,000,000 ten-year fixed rate mortgage for the acquisition of GrandMarc at Riverside, a 212 unit student-housing complex in Riverside, California. The Property is located approximately one mile west of the University of California at Riverside and three miles east of Riverside City College, serving a combined student population of approximately 40,000. Amenities at GrandMarc include a swimming pool with spa, exercise room, recreation room with pool tables, study center, media center, basketball court, walking track and tanning rooms.