Updated Dec 10, 2025
Bellwether Enterprise Provides $38.5 Million Bridge Loan For Encore At Beacon Place In Kathleen GA
40 Cohen Walker Dr
$38,500,000
Units
252
Asset Type
MultiFamily
Closing
Dec 10, 2025
About this deal
AI
The transaction involves a multi-family property located at 40 Cohen Walker Dr in Kathleen, GA. The asset is a 252-unit build-to-rent community named Encore at Beacon Place, which is set to deliver in February 2025. The community will feature a mix of cottages and various amenities, including a saltwater pool, a pickleball court, and a clubhouse equipped with a fitness center.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $38,500,000
- Lender: Bellwether Enterprise (BWE)
- Loan Type: Bridge
- Brokers: Paul Harbor & Caleb Carter - Bellwether Enterprise (BWE)
The deal is facilitated by Bellwether Enterprise, which provided the bridge loan for the development. The brokers representing the transaction are Paul Harbor and Caleb Carter, both affiliated with Bellwether Enterprise, ensuring professional oversight throughout the financing process.
On the Map
$38,500,000
MultiFamily
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Players
Kathleen MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93