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Walker & Dunlop Secures $26M Acquisition Loan for Johns Creek MF Property
Walker & Dunlop has secured $26 million in acquisition financing for the Reserve at Johns Creek Walk, a 210-unit multifamily property in the Johns Creek suburb of Atlanta.
Located less than 30 miles from downtown Atlanta, the property features accessibility to nearby employment centers and is within walking distance of local retail, entertainment, and restaurants. Amenities at the garden-style community include a pool, fitness center, pet spa, playground, car wash, an outdoor kitchen and picnic areas, as well as a cabana with grill stations and flat-screen TVs.
Jim Cope and Benjy Krosin of Walker & Dunlop secured the financing on behalf of JLL Income Property Trust, a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office, and retail properties located in the United States. The lender was Fannie Mae. Terms of the financing included a 10-year term with five years of interest-only payments.
For comments, questions or concerns, please contact David Cohen
- ◦Financing
