Permanent Loan – Acquisition
- 50 Unit Apartment Complex
- Brunswick, NY
Axiom Capital Corp. has arranged $5,360,000 in permanent financing for the acquisition of an apartment complex in Brunswick, NY. The loan was for 5 years amortized over 25 years.
The Property is a 50-unit Class A apartment community, in the Town of Brunswick, Rensselaer County, New York – conveniently situated outside of the City of Troy and minutes from Downtown Albany. The property was completed in 2013 and is 100% occupied. All 50 units are located in one, three story building. The unit mix includes 24 one-bed/ one-bath and 24 two-bed/ two bath apartments with 2 two-bed/ two bath penthouse apartments which both include a garage.
In-unit features and amenities include, but are not limited to granite countertops, stainless steel appliances, in-unit washer and dryer and private covered patios or balconies. Community features and amenities include secured building with key fob, elevator access, wireless internet, business center, conference room, café and coffee bar, game room, theater room, fitness center, lounge with fireplace and patio with grills. The Property is connected to municipal water and sewer.