Genesis Capital Provides $30.7 Million Construction Loan For Development Site In Emerson, GA

256 Stars Way

$30,700,000

Building Size

—

Asset Type

Development Site

Closing

Jun 23, 2026

AI

The asset involved in this transaction is a development site located at 256 Stars Way in Emerson, Georgia. The construction loan amounts to $30,700,000 for the development of a 122-unit build-to-rent townhome community, spearheaded by Trilogy Investment Co.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $30,700,000
Lender: Genesis Capital
Landlord: Jason C. Joseph - Trilogy Investment Co.
Loan Type: Construction
Expected Delivery: First units by year-end
Construction Start: Later this month

Key players in this transaction include Jonathan Goldman and Jason C. Joseph. Jason C. Joseph represents Trilogy Investment Co. in the deal, overseeing the development project and managing the journey of the loan agreement with Genesis Capital.

Players

Genesis CapitalLender

TC

Trilogy Investment Co.Landlord

Quaker City 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

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93