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Newmark Arranges $82M Refinancing for Atlanta Condo Property

Newmark has arranged an $82 million loan to refinance 788 West Midtown, a 279-unit luxury condominium unit in Atlanta’s West Midtown neighborhood.

With a location nearby Atlantic Station and Georgia Tech, 788 West Midtown has drawn significant demand due to its location and luxury finishes at a value price point compared to other condos or high-rise rental options in the area. Roughly 40% of the inventory at the property is already sold.

Jordan Roeschlaub, Dustin Stolly, Chris Kramer, Nick Scribani and Ben Kroll of Newmark secured the loan on behalf of the developer, McKinley Homes. The loan was provided by Cerberus.


Inside The Story

Newmark’s Roeschlaub

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.