Meridian Capital Group Secures $73M Construction Loan For Multifamily Property In Kennesaw, GA

Located at 3550 Cherokee St. in Kennesaw, GA, this multifamily property consists of 579 units. The transaction closed on December 15, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $73,000,000
• Market: Kennesaw, GA

The loan for this property was provided by The LifeCo. The non-recourse, five-year, floating rate construction loan features full-term interest-only payments. The loan was arranged by Hannah Howard, Joel Chetner, and Jonathan Zilber from Meridian Capital Group.