The two separate Freddie Mac conventional loans each carry a 10-year term with a fixed interest rate and a 30-year amortization, with interest-only payments for the first 10 years.
Located in Atlanta and Athens, the properties and financing include:
- $22,500,000 for the acquisition of Gardens at Camp Creek, a garden-style apartment community in Atlanta with 385 one-, two- and three-bedroom units. Constructed in 1971, the property features on-site parking, laundry facilities, a business center, fitness center and community gardens.
- $21,300,000 for the acquisition of University Oaks, a garden-style property in Athens offering 500 one-, two- and three-bedroom units. Built in 1965, the community offers residents two pools, a business center, fitness center, outdoor sports courts, dog park and picnic area, as well as on-site laundry facilities and parking.