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Atlantic Pacific Companies & Highline Real Estate Capital Secures $13 Million Loan For 101-Unit Multifamily In Decatur

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FINANCED
$13,000,000

Georgia

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MultiFamily
Financed 07/26/2024
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FINANCED

Atlantic Pacific Companies & Highline Real Estate Capital Secures $13 Million Loan For 101-Unit Multifamily In Decatur

220 North Arcadia Avenue

See Similar Deals
MultiFamily
Financed 07/26/2024
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is Arcadia Decatur, a multifamily apartment community located at 220 North Arcadia Avenue in Decatur, Georgia. The asset includes 101 units and is positioned within a competitive market for multifamily housing. The acquisition was financed through a loan amounting to $13,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $13,000,000
  • Address: 220 North Arcadia Avenue
  • Market: Decatur, GA
  • Units: 101
  • Landlord: Atlantic Pacific Companies & Highline Real Estate Capital
  • Brokers: Abigail Beauchamp, Matthew Robbins & Scott Wadler - Berkadia
  • Loan Type: Acquisition

Key players in the transaction included Atlantic Pacific Companies and Highline Real Estate Capital as the landlords, while the brokerage team responsible for securing the loan was comprised of Abigail Beauchamp, Matthew Robbins, and Scott Wadler from Berkadia. This collaboration aimed to facilitate the acquisition of the apartment community through a structured loan arrangement.

Players

Matthew (Matt) Robbins
113 deals$6.8B volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Abigail Beauchamp
Berkadia
15 deals$589.5M volume
BROKER

Details

FINANCED
IMAGE: 07/26/2024 ADDRESS: 220 North Arcadia Avenue MARKET: Decatur, GA ASSET TYPE: Multifamily ~ UNITS: 101 LANDLORD: Atlantic Pacific Companies & Highline Real Estate Capital BROKERS: Abigail Beauchamp, MatthewRobbins & Scott Wadler (@SWadler1) - Berkadia (@Berkadia) LOAN AMOUNT: $13,000,000 LOAN TYPE: Acquisition NOTE: Berkadia secured a $13 million loan for the acquisition of Arcadia Decatur, a 101-unit apartment community in Decatur, Georgia, on behalf of Atlantic Pacific Companies and Highline Real Estate Capital.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,000,000.00

Monthly NOI$86,666.67
Monthly Debt Service$82,168.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00