Wyndamere Apartments

Location: Georgetown, KY
Type: Multifamily
Price: $ 10,500,000

SMC has provided a $10,500,000 loan for the refinance of a Class A 156-unit multifamily property located in Georgetown, KY, approximately 15 miles north of Lexington, KY and 70 miles east of Louisville, KY. The Property consists of twenty-seven 2-story garden-style apartment buildings that were built in phases between 2006 and 2010. The Property’s 156 units are comprised of two bedroom floor plans ranging in size from 920 SF to 1,200 SF. Currently the Subject is 100% occupied and has been approximately 98-100% occupied for the past 24 months since it quickly stabilized in 2011 with minimal concessions offered.