Optimum Bank Provides $26.5 Million Acquisition Loan For Crown Pointe Office Complex In Atlanta
1040 Crown Pointe Parkway
$26,500,000
$52/SF
Building Size
509,972 SF
Asset Type
Office
Closing
Nov 25, 2025
About this deal
AI
The asset involved in this transaction is Crown Pointe, a two-building Class A office complex located at 1040 Crown Pointe Parkway in Atlanta, GA. The property encompasses a total square footage of 509,972 and is situated in a strategic area with access to I-285 and GA-400.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $26,500,000
- Address: 1040 Crown Pointe Parkway
- Market: Atlanta, GA
- Lender: Jose Gonzalez - Optimum Bank
- Landlord: Alkamy Capital - Moshe Popack, Yaffa Popack & Gavriella Factor
- Broker: David Hayum & Michael Farkovits - Meridian Capital Group
- Loan Type: Acquisition
The loan arranged by Meridian Capital Group was executed by Managing Director David Hayum and Vice President Michael Farkovits on behalf of Alkamy Capital. The financing from Optimum Bank reflects a tailored approach that aligns with the landlord's vision for the property’s future development and utilization.
On the Map
$26,500,000
$52/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93