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.