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Atlanta & Southeast  + Southeast  + Apartments  |  August 9, 2021
David Cohen
By: David Cohen

CushWake Secures $30M Construction Loan for Huntsville SFR Project

Cushman & Wakefield has secured a $30 million construction loan for The Hamlet at MidCity, a 230-unit single-family rental community located in Huntsville, AL.

The development will include 120 stand-alone, detached cottages and 55 separate duplex buildings totaling 230 units. Floor plans will range from one to three bedrooms, with an average unit size of 1,259 square feet. Amenities will include a resort-style saltwater pool, outdoor grilling common areas, modern fitness center, dog park and pet spa and fire pits. The project is located on Old Monrovia Road off Highway 72.

Mike Ryan, Brian Linnihan, Richard Henry and JP Cordeiro of Cushman & Wakefield’s Equity, Debt and Structured Finance team secured the three-year, floating rate loan through Regions Bank on behalf of the developer, Middleburg Communities.

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CushWake’s Ryan

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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