Lincoln Property Company And Bridge Investment Group Secure $43.5 Million Fannie Mae Loan For Apartment Community In Atlanta

The asset involved in this transaction is a 292-unit apartment community known as Vibe at Echo Street West, located at 750 Echo Street Northwest in Atlanta, GA. The property is classified as MultiFamily and received a Fannie Mae loan for refinancing purposes amounting to $43,500,000.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $43,500,000
• Address: 750 Echo Street Northwest
• Market: Atlanta, GA
• Lender: Fannie Mae
• Landlord: Lincoln Property Company & Bridge Investment Group
• Broker: Blake Cohen - CBRE
• Units: 292

This refinancing deal was facilitated by Blake Cohen, representing CBRE as the broker in the transaction. The borrowers, Lincoln Property Company and Bridge Investment Group, will utilize the loan to retire existing debt while also supporting lease-up and stabilization efforts for the property.