Heritage on the River Apartments

Location: Jacksonville, FL
Type: Multifamily
Price: $ 7,200,000

SMC’s $7,200,000 first mortgage loan facilitated the Borrower’s acquisition of the Property following the Borrower’s winning bid on Auction.com. The Property is a 301-unit garden style Class-B multifamily property in Jacksonville, FL. Built in 1973, the Property consists of 24, 2-story buildings with an average unit size of 1,091 SF. The Property also includes a clubhouse/leasing office, three pools and a laundry facility.