Norhaven Partners And Coro Realty Refinance The Massell In Cartersville Ga For $33M

The property involved in this transaction is a multifamily asset located at 1230 Joe Frank Harris Parkway, Cartersville, GA, featuring a total of 210 units. It has undergone refinancing to stabilize its financing in a recovering market, specifically the Atlanta multifamily market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $33,000,000
• Loan Type: Refinance
• Loan Terms: five-year, non-recourse, floating-rate loan featuring full-term interest only payments
• Landlord: Norhaven Partners & Coro Realty
• Broker: Hanes Dunn & Stephen Farnsworth - Walker & Dunlop

This refinancing transaction was facilitated by ACRE, arranged by Walker & Dunlop, ensuring that the nearly fully occupied community can maintain its financial stability moving forward.