ICER Properties Acquires Six Multifamily Properties In Atlanta, Jonesboro, Lithonia, Morrow & Conyers For $130M Loan | Meridian Capital Group brokers loan on six multifamily properties in Atlanta, Jonesboro, Lithonia, Morrow & Conyers for $130M | Judah Neuman, Cary Pollack | MultiFamily | Loan

Summary

Loan

GEORGIA

MultiFamily

1,200,000 sqft

Six multifamily properties located in Atlanta, Jonesboro, Lithonia, Morrow, and Conyers have been involved in a recent loan transaction. The total square footage of the properties is 1,200,000, and they consist of 1,187 units. The loan, which took place on October 27, 2021, was an acquisition loan.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $130,000,000
Address: Atlanta, Jonesboro, Lithonia, Morrow, and Conyers
Market: Atlanta, Jonesboro, Lithonia, Morrow, and Conyers
Landlord: ICER Properties - Joseph Jemal
Brokers: Cary Pollack & Judah Neuman - Meridian Capital Group

The loan features a LIBOR-based rate and has a term of 36 months.

Players

All
3

Agents
2
Agencies
1

$43.5M Sold

$62.5M Sold

Meridian Capital Group

Details

Deal Summary

FINANCED

IMAGE: Cary Pollack, Joseph Jemal & Judah Neuman DATE: 10/27/2021 ADDRESS: Six Multifamily Properties MARKET: Atlanta, Jonesboro, Lithonia, Morrow & Conyers ASSET TYPE: Multifamily ~ SF: 1,200,000 ~ UNITS: 1,187 LANDLORD: ICER Properties - Joseph Jemal BROKERS: Cary Pollack & Judah Neuman - Meridian Capital Group LOAN AMOUNT: $130,000,000 LOAN TYPE: Acquisition LOAN TERMS: 36-month loan features a LIBOR-based rate

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AddressMeridian Capital Group brokers loan on six multifamily properties in Atlanta, Jonesboro, Lithonia, Morrow & Conyers for $130M

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