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Thorofare Capital, Inc. has provided a $52,150,000 loan to McKinley Homes for the refinancing and lease-up of 142 units within Seven88 West Midtown

Thorofare Capital Provides $52M Refi for Atlanta Multifamily Tower

Thorofare Capital, Inc. has provided a $52,150,000 loan to McKinley Homes for the refinancing and lease-up of 142 units within Seven88 West Midtown. The 279-unit Class A multifamily high-rise tower was built in 2020.

David Perlman, managing director and head of Los Angeles-based Thorofare’s New York office, originated the loan. Edward Prosser and Scott Sumida led the underwriting and executed the closing.

“Seven88 is the premier residential product in the fast-growing Midtown West submarket of Atlanta. The project stands to benefit from the ongoing migration of office and residential tenants to this market,” said Perlman. “The property is adjacent to the restaurant and bar scene of Georgia Tech University and is a quick walk from the bulk of the University’s campus as well as numerous office buildings that have sprung up in the area and have attracted tier one tenants.” 

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Development
  • ◦Financing
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