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Atlanta & Southeast  + Atlanta Metro  + Finance  |  September 23, 2022
IBorrow has provide $11.6 million for the purchase of Wellington Townhomes in College Park, GA.
Lisa McDuffie
By: Lisa McDuffie

iBorrow Provides $12M for Acquisition of 92-Unit Multifamily near Hartsfield-Jackson

iBorrow has provided an $11.6-million loan to enable the acquisition of Wellington Townhomes, a 92-unit multifamily community in the Atlanta submarket of College Park, GA.

The loan provided by iBorrow will be used to acquire the property, complete full unit renovations and capex work, and lease up the asset to stabilization.

Wellington Townhomes is a 20-minute drive to Atlanta and near two interstates, one U.S. highway, and five major state highways. Residents have access to multiple dining and shopping options as well as a MARTA station situated.

College Park is home to some of the largest employers in the region including Hartsfield-Jackson Atlanta International Airport, the world’s busiest airport, which provides more than 63,000 on-site jobs and generates more than $70 billion in economic impact for the state.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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  • ◦Financing
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