Eastern Union Funding Arranges $39.1 Million Bridge Loan for Tucker, Ga., Multifamily Acquisition

5/4/17

Eastern Union Funding Managing Director Marc Belsky and Senior Managing Director Jonathan Singer arranged bridge financing for a private New York-based investment group's $38 million purchase of Landmark at Mountain View, a 989-unit apartment complex in Tucker, Georgia.

Arbor Commercial Mortgage provided the financing, a three-year $39.1 million loan, which requires interest-only payments. The borrower plans to renovate the 1986-built property located at 110 Wood Bend Drive. It was 92-percent occupied at the time of sale.

Berkadia Real Estate Advisors LLC represented the seller in the transaction.