Crescent Communities, has secured financing for an upscale for-rent multifamily community now under way in Atlanta’s booming Perimeter neighborhood. The community, Crescent Perimeter, will consist of 320 apartments units ranging from one to three bedrooms. Situated at 5755 Glenridge Road in Sandy Springs, Georgia, the contemporary community will be four and five stories surrounding a parking deck within the 26-acre Lakeside office park just north of I-285.
Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, today announced the recent closing of a $10.6 million bridge loan for the acquisition and renovation of a luxury apartment community in Atlanta. The interest-only loan features an 18-month term and will finance renovations at The Villas on Briarcliff, an 82-unit property located in the North Druid Hills neighborhood of Atlanta.