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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.”
- ◦Development
- ◦Financing

