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Atlanta & Southeast  + Finance  |  December 1, 2020
David Cohen
By: David Cohen

Capital One Secures $44M Refinancing for Marietta Apartments

Capital One has secured a $43.7 million Freddie Mac adjustable-rate loan to refinance Stratford Ridge, a 446-unit apartment community in Marietta.

Stratford Ridge is a Class B community with a suite of amenities featuring a pool, fitness center, package lockers and controlled-access entrance. Interior renovations include new cabinets, stainless steel appliances and upgraded light fixtures.

Thomas Reynolds of Capital One secured the financing on behalf of the borrower, FCP. The 10-year SOFR-based loan has five years of interest-only payments, followed by amortization on a 30-year schedule. The interest rate is below 3 percent. FCP is a Freddie Mac Select Sponsor and a repeat Capital One customer.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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