Freddie Mac Provides $140 Million Loan For Corso Atlanta Senior Housing Recapitalization In Atlanta

The property asset involved in this transaction is Corso Atlanta, a 203-unit senior housing community located at 3200 Howell Mill Road Northwest in Atlanta, GA. The transaction involved a $140 million loan for recapitalization, deepening the finance structure of the upscale community in the West Paces Ferry area.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $140,000,000
• Units: 203
• Lender: Freddie Mac
• Landlord: Galerie Living
• Loan Type: Recapitalization

The deal was facilitated by Newmark, which played a crucial role in securing a 10-year Freddie Mac senior loan along with preferred equity from Kayne Anderson Real Estate Debt.