University Studios

Location: Cleveland, OH
Type: Multifamily
Price: $ 6,975,000

SMC has provided a $6,975,000 first mortgage loan to refinance existing debt collateralized by University Studios, a 92% occupied, 150 studio student housing property located adjacent to the Cleveland State University campus in Cleveland, OH. The eight story property was developed in 1969 and fully renovated in 2010. Amenities include a fitness center, high-speed internet-access, on-site laundry facilities, and an on-site management office.