Miller Capital Properties Secures $7.5M Bridge Loan From Red Oak Capital For Dodson Courtyard Apartments

The property involved in this transaction is Dodson Courtyard Apartments, a 76-unit multifamily community located at 3250 Dodson Dr Connector in East Point, GA. The asset is 95% occupied and has been acquired with a loan amount of $7,500,000, which includes $6,000,000 allocated for acquisition and $1,500,000 designated for targeted renovations.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,500,000
• Units: 76
• Market: East Point, GA
• Lender: Dave Christensen & Gary Bechtel - Red Oak Capital Holdings
• Landlord: Miller Capital Properties
• Loan Type: Bridge

The financing for this transaction was facilitated by Red Oak Capital, providing a bridge loan intended to support both the acquisition and rehabilitation efforts for the multifamily community. The involvement of Miller Capital Properties as the landlord highlights their role in the ongoing management of the property.