Greenwood Commons

Location: Worcester, MA
Type: Multifamily
Price: $5,550,000

SMC has provided a $5,550,000 ten-year fixed rate mortgage to refinance existing debt. The collateral is Greenwood Commons, a 98.6% occupied, garden-style apartment community with 72 units located in Worcester, MA, approximately 4 miles south of downtown Worcester and approximately 45 miles southwest of the Boston CBD. The Property was built in 1965 and renovated in 2013 and 2015. Amenities include a pool and a laundry facility within each building.