Fairbanks Residential Properties
Parkwest Apartments
- Parkwest Apartments - Fairbanks, Alaska
- Owner: University Park Apartments, LLC (JL-affiliate)
84 units constructed in 1977. 58,000 square feet on 2.8 acres. Property was acquired by an affiliate of JL in November 2003 after a lengthy restructure of the debt, and has been managed by JL since 2001. The property is financed using a HUD 223(a)(7) loan. The Property is a 100% Section-8 project and a $750,000 modernization started in 2004.