Permanent Loan - Acquisition$46,750,000
378 Unit Apartment Complex
Upper Macungie, PA
Axiom Capital Corporation announces the closing of a $46,750,000 permanent loan for the refinance of a 378 unit apartment complex in Upper Macungie, Lehigh County, Pennsylvania. The community sits on 36 acres and consists of 27 two and three story buildings each comprised of 14 one and two bedroom units. The apartment community offers many amenities to its residents including a shared clubhouse, landscaped pool and pool deck, picnic area, business center, fitness center, playground, and a 2:1 ratio for parking. The community is considered one of the most ideal living locations in the region with access to employment centers, entertainment/shopping, and an excellent school district. It is conveniently located just 1.5 miles from the interstate and is in close proximity to a new multi-tenant retail center which houses Whole Foods, Costco, Target, and Nordstrom Rack as well as others. Also close by is a 139,000 SF casino with 8 restaurants, an indoor outlet shopping center with high end outlet stores, a popular baseball teams’ stadium, and an 8,500 seat hockey arena.