One Real Estate Investment Secures $49.67M Loan For The Carter @4250 In Norcross, GA

The Carter @4250, located at 4250 Jimmy Carter Blvd in Norcross, GA, has been involved in a recent loan transaction. This multifamily property consists of 300 units, making it an attractive investment option in the market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $49,670,000
• Loan Terms: 10-year, floating-rate loan
• Interest-Only Period: 5 years
• Equity Contribution: $16.55 million by MLG Capital

Freddie Mac and MLG Capital provided the loan for this transaction, offering a competitive rate. The loan terms include a 10-year, floating-rate structure, with the first five years being interest-only. MLG Capital also contributed $16.55 million in equity to the deal.

The brokers involved in this transaction were Mitch Sinberg and Brad Williamson from Berkadia, representing the buyer or seller, and Chinmay Bhatt, Noam Franklin, and Cody Kirkpatrick from Berkadia JV Equity & Structured Capital, who represented the buyer or seller's broker. Their expertise played a crucial role in facilitating this successful loan transaction for The Carter @4250.