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JLL Capital Markets Closes $26.78M Construction Financing For Rosebud Place Multifamily In Loganville, GA

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FINANCED
$26,780,000
Ware Shipman
Christopher Knight
+ 1

Georgia

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MultiFamily
Financed 09/06/2023
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FINANCED

JLL Capital Markets Closes $26.78M Construction Financing For Rosebud Place Multifamily In Loganville, GA

2882 Rosebud Road Southwest

See Similar Deals
MultiFamily
Financed 09/06/2023
Ware Shipman
Christopher Knight
+ 1
Contact now

Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

Rosebud Place, a Class A residential community comprising 139 homes located in Loganville, an Atlanta suburb, has secured a $26.78 million construction financing deal. The loan was facilitated by JLL Capital Markets, a leading global commercial real estate services firm.

Summary of transaction details

JLL Capital Markets successfully closed the construction financing deal for Rosebud Place, reflecting the confidence in the demand for quality residential communities in the Loganville area. The project is expected to further enhance the housing options in the Atlanta suburb, providing desirable living spaces for residents.

Players

Christopher Knight
12 deals$747.6M volume
BROKER

Ware Shipman
JLL
3 deals$85.3M volume
BROKER

Danny Kaufman
JLL
9 deals$745.6M volume(312) 528-3684
BROKER

Matthew Putterman
JLL
10 deals$491.8M volume(713) 852-3524
BROKER

Details

FINANCED
IMAGE: Adam Lorry, Christopher Knight, Danny Kaufman, Matthew Putterman & Ware Shipman DATE: 09/06/2023 ADDRESS: 2882 Rosebud Road MARKET: Loganville, GA ASSET TYPE: Multifamily LANDLORD: Landeavor - Adam Lorry & LAMB Properties BROKERS: Christopher Knight, Danny Kaufman, Matthew Putterman & Ware Shipman - JLL LOAN AMOUNT: $26,780,000 LOAN TYPE: Construction LOAN TERMS: five-year, floating-rate loan NOTE: JLL Capital Markets has successfully closed a $26.78 million construction financing deal for Rosebud Place, a Class A residential community comprising 139 homes located in Loganville, an Atlanta suburb.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,780,000.00

Monthly NOI$178,533.33
Monthly Debt Service$169,267.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00