Town & Country Apartments

Location: Monroe, Lousiana
Type: Multifamily
Price: $7,900,000

SMC has provided a $7,900,000 ten-year fixed rate mortgage for the cash-in refinance of a 300-unit multifamily property located in Monroe, Louisiana. Property amenities include onsite laundry facilities, a community playground, a pool, a tennis court and volleyball courts. The Sponsors completed significant capital improvements to bring down units back online, upgrade units, complete flood defense measures and renovate common areas dating back to their initial purchase.

SMC’s 10-Year loan was structured with full-term interest only payments.