Lakeville Townhomes

Location: Shreveport, LA
Type: Multifamily
Price: $5,700,000

SMC has provided a $5,700,000 ten-year fixed rate mortgage for the cash-in refinance of a 228-unit multifamily property located in Shreveport, Louisiana. Property amenities include two community laundry rooms and a swimming pool. Since the 2012 acquisition of the Property, the Sponsors have completed capital improvements to bring down units back online, upgrade units, complete foundation repairs and renovate common areas.

SMC’s 10-Year loan featured a 36-month interest only period followed by 30-year amortization thereafter.