August 14, 2019
Regions Bank’s Atlanta Real Estate Banking office has provided a $39 million construction loan for Cumberland Shores, a 281-unit multifamily project nearby SunTrust Park and The Battery Atlanta.
The project will consist of 182 one-bedroom units, 85 two-bedroom units, nine three-bedroom units and five studio units. The community will feature granite countertops, gourmet kitchens and in-unit washer and dryers. Amenities will include a fitness club with a locker system, modern pool and gas grills, roof lounge area, conference room and secured parking access. Construction is expected to be complete in August 2021.
Regions provided the financing to a joint venture between Pollack Shores Real Estate Group and a client advised by Principal Real Estate Investors. Matrix Residential, Pollack Shores’ management arm, will manage the community.
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Tags: Apartments & Multifamily