Lunada Rose Partners Secures $15,850,000 Refinance Loan For 153-Unit Multifamily In Atlanta

The property asset involved in this transaction is a multifamily building located at 530 Piedmont Avenue Northeast in Atlanta. The asset comprises 153 units and has a total square footage of 235,000. The loan amount secured for this property is $15,850,000, which is part of a refinance arrangement. The loan terms include a rate of approximately 5.9% and open prepayment options.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,850,000
• Loan Type: Refinance
• Loan Terms: ~5.9% Rate, Open Prepay
• Borrower: Lunada Rose Partners
• Address: 530 Piedmont Avenue Northeast
• Market: Atlanta
• Units: 153
• Square Footage: 235,000
• Brokers: Marc Schillinger, Michael Shmuely & Keaton Yellin - JLL

The key individuals involved in the deal include brokers Marc Schillinger, Michael Shmuely, and Keaton Yellin, who represent the borrower, Lunada Rose Partners, in this transaction. Their involvement highlights the collaborative effort in securing the refinance for this multifamily asset.