Updated Dec 4, 2024
JLL Capital Markets Closes $26.78M Construction Financing For Rosebud Place Multifamily In Loganville, GA
2882 Rosebud Road Southwest
$26,780,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 6, 2023
About this deal
AI
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
- Property Type: Multifamily
- Transaction Amount: $26,780,000
- Address: 2882 Rosebud Road, Loganville, GA
- Market: Loganville, GA
- Landlord: Landeavor - Adam Lorry & LAMB Properties
- Brokers: Christopher Knight, Danny Kaufman, Matthew Putterman & Ware Shipman - JLL
- Loan Type: Construction
- Loan Terms: five-year, floating-rate loan
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.
On the Map
$26,780,000
MultiFamily
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Loganville MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93