Investment Summary

IVY RIDGE APARTMENTS

Active

Property Type
Apartment Complex
Location
Marietta, GA
Loan Type
Mezzanine
Loan Purpose
Acquisition Financing
Closing Date
February 2022
Active

A $5.0M mezzanine loan for the acquisition refinancing of a 207-unit, partially renovated, garden-style apartment complex located in Marietta, GA. The property consists of 21 two-story apartment buildings with 143 two-bedroom units and 64 three-bedroom units. Amenities include a fitness center, a laundry room to be converted to a dog wash area, a picnic area, a playground, and a pool.