Woodlake Village Apartments

Location: Columbus, OH
Type: Multifamily
Price: $ 6,015,000

SMC has provided a $6,015,000 first mortgage loan to refinance existing debt collateralized by Woodlake Village Apartments, a 237-unit Class B garden-style multifamily community located in Westerville, a suburban community within the Columbus, OH metro area. The Sponsor has overseen the Subject’s day-to-day management since originally acquiring the Property in 1993. The Property has continuously maintained a stabilized occupancy rate throughout its operating history, and has received ongoing capital investment throughout the Sponsor’s ownership, most recently totaling more than $600,000 in proactive upkeep since 2010.