City National Bank Of Florida Provides $4.8M Acquisition Loan For Retail Property In Acworth, Lawrenceville, Rome, And Dacula, GA

The retail property located at 3497 Baker Road, 820 Oak Road, 2470 Shorter Ave., and 812 Dacula Rd. in Acworth, Lawrenceville, Rome, and Dacula, GA, was recently involved in a loan transaction. The property spans a total of 6,561 square feet and was the subject of an acquisition.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,818,151
• Lender: City National Bank of Florida
• Brokers: Matt Buggenhagen & Jason Labriola - Meridian Capital Group
• Loan Type: Acquisition
• Loan Terms: 5-year term, open prepayment, 2 years Interest Only

Matt Buggenhagen and Jason Labriola, representing Meridian Capital Group, were the brokers involved in facilitating the loan transaction for the retail property.