The Atlantic Cos. Secures $61 Million Refinance Loan From SouthState Bank For Hillrose Market Project In Roswell GA
25 Hill Street
$61,000,000
$3,388/SF
Building Size
18,000 SF
Asset Type
Development Site
Closing
Mar 2, 2026
AI
The asset involved in the transaction is a development site located at 25 Hill Street in Roswell, GA. The property encompasses a total of 18,000 square feet and is being developed as part of a $140 million mixed-use project on a 7-acre site, which is the former local police headquarters.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $61,000,000
- Lender: Southstate Bank
- Landlord: The Atlantic Cos.
- Loan Type: Refinance
- Loan Date: 03/02/2026
In this transaction, The Atlantic Cos. secured a loan from Southstate Bank, which will facilitate the commencement of construction activities on the proposed Hillrose Market project, enhancing the facilities in the Roswell area.
Players
Roswell Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93