Flats at Springhurst
|Deal Type||Life Company|
The transaction includes a $34,200,000 ($137,349/unit) non-recourse, first mortgage loan secured by a 249-unit, mid-rise apartment complex, “Flats at Springhurst”, located in Louisville, KY. Built in 2020, the property comprises a three and five-story residential building and one parking garage, situated on 4.25-acre of land. The proposed loan will be used to refinance existing debt at the property. The loan is structured with a 7-year interest only term.