June 5, 2019 Comments Off on Berkadia Secures Acquisition Financing for 280-Unit MF in Lilburn Views: 481 Atlanta Metro, Atlanta News

Berkadia Secures Acquisition Financing for 280-Unit MF in Lilburn

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Berkadia’s JV Equity and Structured Capital Group in New York has secured financing for the acquisition of Park Crossing Apartments, a 280-unit garden-style multifamily community in Lilburn.

Noam Franklin, Chinmay Bhatt and Cody Kirkpatrick of Berkadia introduced the $11.5 million joint venture equity partner to the client, Miami-based One Real Estate Investment LLC. Mitch Sinberg and Brad Williamson, of Berkadia’s South Florida offices, assisted in the debt which included securing $3.2 million in supplemental financing from Fannie Mae and facilitating the assumption of the $18.5 million senior loan.

Located at 2700 Park Crossing Way, Park Crossing Apartments consists of one- and two-bedroom floor plans. Features include balconies, dishwashers, large closets and fireplaces. The community also offers a clubhouse, covered parking, fitness center, tennis courts and swimming pool. The property is about 25 miles away from downtown Atlanta.

To stay connected with multifamily news and trends we invite you to attend Connect Apartments at the JW Marriott in Los Angeles June 20, 2019.

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