US EditionRed Oak Capital Provides $8.7M Acquisition Loan for Multifamily Property in East Point, Georgia
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Red Oak Capital Provides $8.7M Acquisition Loan for Multifamily Property in East Point, Georgia
EAST POINT, GA. — Red Oak Capital Holdings has provided an $8.7 million bridge loan for the acquisition and renovation of Garden Courts Apartments, an 86-unit multifamily community in the southwestern Atlanta suburb of East Point within three miles of Hartsfield-Jackson Atlanta International Airport. Underwritten within Red Oak’s Opportunistic Bridge Loan Program, the nonrecourse, interest-only loan carries a two-year term with a 73.9 percent lo…
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