Related Fund Management Provides $182M Construction Financing For Mixed-Use Property In Atlanta
811 Peachtree Street Northeast, Atlanta, Georgia 30303, United States
$182,000,000
Units
460
Asset Type
Mixed-use
Closing
Nov 1, 2022
About this deal
AI
The property at 811 Peachtree Street NE in Atlanta, GA has been involved in a recent loan transaction. The asset is a mixed-use property with a total of 460 units. The loan, provided by Related Fund Management, is a construction financing type. The loan amount for this transaction is $182,000,000.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $182,000,000
- Units: 460
- Lender: Related Fund Management
- Landlord: PMG & Greybrook
- Brokers: JLL
The key individuals and companies involved in this loan transaction are PMG & Greybrook as the landlords and JLL as the brokers representing the parties. The loan from Related Fund Management will provide the necessary financing for the construction of the mixed-use property at 811 Peachtree Street NE.
Players
Atlanta Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93