Axiom Capital Corporation announces the closing of a $23,000,000 permanent loan for the refinance of a 274 unit, class B, apartment complex plus construction of an additional 20 units. The property sits on 18.61 acres and consists of studio, one-bedroom, two-bedroom, and three-bedroom units. Unit amenities include: private entrances, balconies & patios, walk-in closets, fireplaces, garages, vaulted ceilings, and central air, to name a few. Community amenities include: a clubhouse, indoor racquetball court, business center, basketball court, swimming pool, playground, 24-hour fitness center, tennis courts, and picnic areas with grill. The subject property is in Guilderland, NY conveniently located near major roadways, important services, amenities, shopping, entertainment, several major college campuses, businesses, and employment opportunities, making it a consistently popular rental location. The uniquely varied nature of the Capital District provides residents with opportunities represented by world-class higher education, research, health care, retail, commerce, transportation, and cultural affairs while also providing a community environment in both a suburban and rural setting.
Commercial Real Estate Finance & Advisory