Springfield Apartment Complex Sells For $7,125,000

Springfield Apartment. Complex Sells For $7,125,000

Springfield Apartment Complex Sells For $7,125,000

SPRINGFIELD TENNESSEE: (Smokey Barn News) — According to REBusiness, Colliers Mortgage has provided a $5.2 million acquisition loan for Forest Park Apartments, an 80-unit, market-rate multifamily community in Springfield Tennessee.

Forest Park Apartments is located of Black Patch Rd at Salem Dr. MAP Tax records indicate the property sold for $7,125,000, the deal closing on September 12 of 2022.

According to the REBusiness, Zach Shope of Colliers Mortgage’s Atlanta office originated the 10-year, Fannie Mae loan on behalf of the repeat (undisclosed) borrower client, an entity doing business (in this transaction) as Forest Park TN LLC.

Built in 1978, Forest Park comprises six two-story apartment buildings and features a playground and basketball court, according to Apartments.com.

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