Updated Jan 14, 2026
Radiant Development Partners & EQH Trinity Flats, LLC Secures $23.3 Million Loan For 218-Unit Project
104 Trinity Avenue Southwest
$23,300,000
Units
218
Asset Type
MultiFamily
Closing
Jan 14, 2026
About this deal
AI
The property asset involved is a multi-family housing project situated at 104 Trinity Avenue Southwest in Atlanta, GA. This development comprises 218 units and has been financed with a loan amount of $23,300,000, structured as a 40-year, fully amortizing, non-recourse loan.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $23,300,000
- Loan Terms: 40 year, fully amortizing, non-recourse loan
- Address: 104 Trinity Avenue Southwest
- Market: Atlanta, GA
- Units: 218
- Landlord: Radiant Development Partners & EQH Trinity Flats, LLC
- Brokers: Carolyn Whatley & Angela Folkers - Berkadia
Berkadia played a crucial role in this transaction, providing the funding to finance Trinity Central Flats, a project aimed at creating affordable housing with integrated commercial space, reflecting a commitment to urban transformation in Downtown Atlanta.
Players
Atlanta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93