Preserve at Cedar River Apartments

Location: Jacksonville, FL
Type: Multifamily
Price: $ 10,800,000

SMC provided a $10,800,000 loan to finance the Borrower’s acquisition of Preserve at Cedar River Apartments. The Property is a 464-unit garden style Class-B multifamily property located in Jacksonville, Florida. Built in 1973, the Property consists of 45 two-story buildings, with an average unit size of 1,019 SF. The Property also features a gated entrance, a clubhouse/leasing office, two pools, tennis courts, a fitness center, five laundry facilities, and waterfront views with boat docks and slips.