Updated May 12, 2025
BWE Secures $32.3M Refinance Loan For 222-Unit Greystone At Mulberry Grove In Fortson GA
4849 Ga Highway 315
$32,293,800
Units
222
Asset Type
MultiFamily
Closing
May 8, 2025
About this deal
AI
The asset involved in this transaction is a 222-unit multifamily development named Greystone at Mulberry Grove, located at 4849 Ga Highway 315 in Fortson, GA. The loan secured for this asset amounts to $32,293,800, and it is categorized under HUD 223(f) refinancing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,293,800
- Units: 222
- Address: 4849 Ga Highway 315
- Market: Fortson, GA
- Loan Type: Refinance
The brokering of this deal was managed by Paul Harbor, representing Bellwether Enterprise (BWE). BWE played a pivotal role in securing the loan for the refinancing of the property.
Fortson 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93