Prime Realty Ventures Secures $2.31M Bridge Loan For 20-unit Hawthorne Manor In College Park

The asset involved in the transaction is a multifamily property located at 3586 Jackson Street, College Park, GA, comprising 20 units. A bridge loan of $2,310,000 was secured for this apartment complex to support its path to long-term stabilization.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,310,000
• Lender: Gary Bechtel, Nick Jans, Thomas Gorski & James Myatt - Red Oak Capital Holdings
• Landlord: Prime Realty Ventures, LLC
• Broker: Craig Hall - CBRE
• Loan Type: Bridge

This transaction was facilitated by key individuals, including Gary Bechtel, Nick Jans, Thomas Gorski, and James Myatt from Red Oak Capital Holdings, serving as the lenders for the bridge loan. Craig Hall from CBRE represented the landlord, Prime Realty Ventures, LLC, ensuring a successful transaction process.