The Geneva Group Secures $21.962M Acquisition Loan In Tucker, GA

The multifamily property located at 3797 Lavista Road in Tucker, GA consists of 240 units. The asset was acquired with a $21,962,000 loan from PGIM for the purchase. The loan, facilitated for the acquisition, has a 7-year fixed rate term and features interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,962,000
• Market: Tucker, GA
• Lender: PGIM
• Landlord: The Geneva Group
• Broker: Eric Trombly - Black Bear Capital Partners
• Loan Type: Acquisition

Jarred Elmar played a key role in the transaction, representing The Geneva Group as the landlord's representative in this deal.