Grover Corlew Secures $12 Million Refinance Loan From Wells Fargo For Office Buildings In Alpharetta
10 Mansell Court East & 20 Mansell Court East
$12,000,000
Building Size
—
Asset Type
Office
Closing
Oct 20, 2026
About this deal
AI
The asset involved in this transaction consists of two office buildings located at 10 & 20 Mansell Court East in Alpharetta, Georgia. The properties have undergone $6.3 million in improvements, resulting in an increase in occupancy from 46% to 92%.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,000,000
- Loan Type: Refinance
- Loan Terms: 5-year
- Lender: Charles W. Scharf - Wells Fargo
- Landlord: Anuj Grover - Grover Corlew
This refinancing transaction allows Grover Corlew to return all invested capital to investors while maintaining ownership of the properties, demonstrating a strategic approach following the occupancy increase. The involvement of Wells Fargo indicates a significant financial support for the firm in this venture.
On the Map
$12,000,000
Office
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Esto Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93