ARC Multifamily Secures $72.8 Million Loan From Fannie Mae For 594-unit Acquisition In Georgia

The transaction involves the acquisition of a multi-family asset located at 3151 Mount Zion Road & 1521 Lee Road in Stockbridge & Lithia Springs, GA. The asset comprises 594 Class A garden-style units, constructed in 2023 and 2024. The total loan amount secured by the landlord, ARC Multifamily, is $72,800,000, enabling the purchase of the properties known as Novo Stockbridge and Novo Sweetwater.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $72,800,000
• Lender: Fannie Mae
• Landlord: ARC Multifamily
• Market: Stockbridge & Lithia Springs, GA
• Units: 594
• Brokers: Blake Cohen & Charlie Clark - CBRE

The financing for this acquisition was arranged by CBRE's Debt & Structured Finance team, with the transaction representing a strategic investment by ARC Multifamily in the multi-family housing market.