Forman Capital Provides $22.5M Loan For Development Site In Centerville, GA

A $22.5 million loan has been provided by Forman Capital for the construction of a build-to-rent residential community at 3930 US Highway 41 in Centerville, Georgia. The property is a development site located in the thriving market of Centerville, GA.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $22,500,000
• Lender: Forman Capital
• Landlord: Parkland Homebuilders

Forman Capital, the lender, has facilitated the loan for the acquisition of the development site. Parkland Homebuilders will be working on the construction of a build-to-rent residential community at the address. This transaction represents a significant investment in the Centerville market, reflecting the growing demand for rental properties in the area.