Woodfield Development Secures $47M Loan From ACRE For Union Green Multifamily In Atlanta GA

The asset involved in the transaction is the Union Green apartment complex located at 4980 Stonewall Tell Road, Atlanta, GA. This multi-family property comprises 295 units distributed across two four-story buildings. The complex includes various amenities, such as a pool, fitness center, and EV charging stations. The financing secured for this property amounts to $47 million and is categorized as floating-rate financing.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $47,000,000
• Address: 4980 Stonewall Tell Road
• Market: Atlanta, GA
• Lender: ACRE
• Landlord: Woodfield Development
• Broker: Walker & Dunlop

This transaction was orchestrated by Walker & Dunlop, representing Woodfield Development. The apartment complex was completed in the previous year and serves as a part of Woodfield Development's portfolio in Union City, GA.