Spyglass Hill Apartments

Location: Las Vegas, NV
Type: Multifamily
Price: $ 3,200,000

SMC has provided a $3,200,000 first mortgage loan to refinance an existing loan secured by the Spyglass Hills Apartments. The Property consists of 56-units and was 91.1% occupied at close. The Property is located approximately six miles west of the Las Vegas Strip in a dense residential section of Las Vegas. The Subject was built in 2001 and consists of seven, two-story buildings with eight units per building. The Property is comprised of 32 two bedroom, two bath units and 24 one bedroom, one bathroom units. Amenities include in-unit washer/dryers, swimming pool, Jacuzzi, and fitness center.