Encore Finance Provides $22.2 Million Refinance Loan For 115-Unit Multifamily In Atlanta

The asset involved in this transaction is a multifamily property, specifically a 115-unit fractured condo portfolio located at 232 19th Street Northwest in Atlanta, GA. The refinance loan amount for this property is $22,200,000, facilitated by Encore Finance.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $22,200,000
• Loan Type: Refinance
• Lender: Encore Finance
• Brokers: Ben Klugmann & Tzvi Krieger - Meridian Capital Group
• Date: 7/30/2025
• Units: 115
• Address: 232 19th Street Northwest, Atlanta, GA

Ben Klugmann and Tzvi Krieger from Meridian Capital Group led the arrangement of the $22.2 million financing for Trantor Atlantic Lofts. The transaction was enhanced from an initial $20 million after a strong appraisal and features a five-year fixed rate with interest-only payments. They successfully navigated the complexities associated with the fractured condo setup through innovative structuring and robust lender relationships.