Cornerstone Capital Secures $6,942,000 Loan From SM Capital For Cloverdale Estates In Montgomery

The property involved in this transaction is a MultiFamily asset located at 3453 E Audubon Rd A1 in the Montgomery market. The total square footage of the property is 106,000, and the loan amount secured for the purchase is $6,942,000.00.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $6,942,000.00
• Address: 3453 E Audubon Rd A1
• Market: Montgomery
• Lender: SM Capital, Inc., Lument (Fannie Mae)
• Landlord: Cornerstone Capital - Cloverdale Estates
• Loan Type: Purchase
• Loan Date: 02/15/2025

The transaction involves SM Capital, Inc. and Lument as lenders providing financing through Fannie Mae. The landlord for this property is Cornerstone Capital, specifically under the name Cloverdale Estates, which plays a significant role in managing the property involved in this deal.