Vantage Point Acquisitions Acquires Multifamily Property In Savannah, Georgia For $25.25M With Loan From Bridge Investment Group

101 Saint George Boulevard, Savannah, Georgia, USA

$25,250,000

$31/SF

Building Size

798,455 SF

Asset Type

MultiFamily

Closing

Nov 21, 2021

AI

The multifamily property located at 101 Saint George Boulevard in Savannah, Georgia, has been involved in a recent transaction. The property consists of 220 units and was acquired by Vantage Point Acquisitions, represented by Andrew Cushman. The transaction took place on 11/21/2021.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $25,250,000
Address: 101 Saint George Boulevard, Savannah, Georgia

Bridge Investment Group provided a loan of $25,250,000 for the acquisition of the property. The loan is of the acquisition type and has a term of three years, with full-term interest-only payments. The loan carries an aggressive floating rate and includes two one-year extension options.

The brokers involved in the transaction were Mitch Sinberg, Jared Hill, and Matt Robbins from Berkadia.

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