A second position mortgage subject to the 1s position mortgage with Bank of America in the amount of $4,300,000 for the continued renovation of a +/- 220,250-SF 296-unit multifamily property located at 4020 S. 130th E Ave, Tulsa, OK. The Stonebrook Gated Community, also known as the Stonecrest Apartments, is a 296-unit garden-style apartment complex containing 220,200-SF of rentable area within 17 two-story buildings. Located in the eastern sector of Tulsa, the subject property is located within proximity to regional arteries and employment centers, with multiple medical and corporate offices within the area. The property has undergone extensive renovation since its purchase with improvements being made to all units and the overall general common areas.