Ryan Hanks Secures $35.5M Construction Loan For Madison Oglethorpe Development In Savannah

A garden-style multifamily development, Madison Oglethorpe, located adjacent to Savannah, Georgia's Oglethorpe Mall, secured financing for its construction. The funding included a $35.5 million construction loan from United Bank and preferred equity from Forum Investment Group.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $35,500,000
• Address: Madison Oglethorpe
• Market: Savannah, GA
• Lender: United Bank
• Landlord: Ryan Hanks - Madison Communities
• Loan Type: Construction

Madison Communities, the developer of Madison Oglethorpe, secured the necessary financing through a construction loan from United Bank and preferred equity from Forum Investment Group. Ryan Hanks, representing Madison Communities, played a key role as the landlord in the transaction.