First Horizon Bank Provides $2M Loan For Industrial Property On Veterans Memorial Highway In Atlanta

An industrial property located at 13031 Veterans Memorial Highway in Atlanta has recently undergone a loan transaction. The property, owned by Frank Johnson, was funded by First Horizon Bank. The loan amount for this transaction was $2,000,000, with a term of 7 years fixed at an interest rate of 3.47%. The loan-to-purchase price (LTPP) ratio for this transaction was 75%.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $2,000,000
• Address: 13031 Veterans Memorial Highway
• Market: Atlanta

The broker representing the transaction was Joe Hach from Leviathan Capital, who played a pivotal role in facilitating the deal. The involvement of the bank, First Horizon Bank, as the lender, showcases the financial aspect of this transaction. The collaboration and negotiation between these key individuals and organizations successfully resulted in securing the loan for the industrial property owned by Frank Johnson.