Investment Summary

Ivy Ridge
Ivy Ridge 2
Ivy Ridge 3
Ivy Ridge 4

IVY RIDGE APARTMENTS

Property Type         Apartment Complex

Location                  Marietta, GA

Loan Type               Mezzanine Loan

Loan Purpose         Acquisition Financing

Closing Date           February 18, 2022

 

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.