William J. McMorrow Of Kennedy Wilson Secures $90 Million Construction Loan For Multifamily Development In Sandy Springs

The property asset involved in this transaction is a multifamily community located at 35 Glenlake Parkway Northeast in Sandy Springs, Georgia. The development will consist of 382 units and is supported by a construction loan amount of $90 million. The project is valued at $139 million and will feature over 17,500 square feet of amenities, with an expected opening date in mid-2028.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Address: 35 Glenlake Parkway Northeast
• Market: Sandy Springs, GA
• Units: 382
• Lender: John Ciulla - Santander Bank
• Landlord: William J. McMorrow - Kennedy Wilson; Shimizu Corporation
• Loan Type: Construction

The deal involves key individuals such as John Ciulla, representing Santander Bank in the capacity of lender for the construction loan. On the landlord side, William J. McMorrow, acting on behalf of Kennedy Wilson and Shimizu Corporation, is involved in the development project. This collaboration marks a significant step forward in the construction of the multifamily community.