Regional Bank Provides $26.3M Construction Loan For 115-Unit Multifamily Property In Montgomery

The property involved in this closed transaction is a multifamily asset located at 1377 US Highway 206 in Montgomery. The property spans across 4.5 acres and consists of 115 units.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $26,300,000
• Address: 1377 US Highway 206, Montgomery
• Market: Montgomery
• Units: 115
• Acres: 4.5

The loan for this transaction was provided by Regional Bank. The loan type is a construction loan with a three-year, floating-rate term. The borrower in this transaction is Country Classics, who will serve as the landlord upon completion of the construction. Representing the borrower in this deal are brokers Matthew Pizzolato, Jim Cadranell, and Ryan Carroll from JLL Capital Markets.