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Synovus Provides $75M Refinance Loan For Multifamily Portfolio In Atlanta And Louisville

1991 Delowe Drive Southwest, 26 Bouldercrest Lane SE & 3237 Utah Avenue
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This MultiFamily property located in GA received a loan of $75,000,000 over 2 years ago. The brokers of the deal were Joao "JP" Cordeiro, Michael "Mike" Ryan, and Blake Cohen

The multifamily property located at 1991 Delowe Drive SW, 26 Bouldercrest Lane SE, and 3237 Utah Avenue has undergone a refinancing transaction. The property consists of 1,154 units and is situated in Atlanta and Louisville, Kentucky.

Summary of Transaction Details:

The refinancing deal for the multifamily property at 1991 Delowe Drive SW, 26 Bouldercrest Lane SE, and 3237 Utah Avenue was facilitated by Synovus. Middleburg Communities serves as the landlord for the property, and the brokers involved in the deal were Blake Cohen, Mike Ryan, and JP Cordeiro from Cushman & Wakefield.

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Deals
  • Location
    1991 Delowe Drive Southwest, Atlanta, GA, USA1991 Delowe Drive Southwest, Atlanta, GA, USA
  • Loan Value
    $75,000,000$75,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 2 Agencies, 1 Lender3 Brokers, 2 Agencies, 1 Lender

Agents

Michael "Mike" Ryan

Michael "Mike" Ryan

Deals4
Financed$315M

Joao "JP" Cordeiro

Joao "JP" Cordeiro

Deals3
Financed$100.9M

Blake Cohen

Blake Cohen

Deals2
Financed$105.3M

Agencies

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

Synovus Financial

Synovus Financial

Lender
Deals12
Volume$ 117.4B

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Deal Summary

LOAN IMAGE: Blake Cohen, Mike Ryan & JP Cordeiro DATE: 10/26/2021 ADDRESS: 1991 Delowe Drive SW, 26 Bouldercrest Lane SE & 3237 Utah Avenue MARKET: Atlanta & Louisville, Kentucky ASSET TYPE: Multifamily ~ UNITS: 1,154 LENDER: Synovus LANDLORD: Middleburg Communities BROKERS: Blake Cohen, Mike Ryan & JP Cordeiro - Cushman & Wakefield LOAN AMOUNT: $75,000,000 LOAN TYPE: Refinance LOAN TERMS: two-year loan

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1991 Delowe Drive Southwest, 26 Bouldercrest Lane SE & 3237 Utah Avenue

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