REBusinessOnline

CiTYR Group Buys Apartment Community in Metro Atlanta Using $19.5M Bridge Loan

CiTYR Group plans to upgrade the amenities at LaVista Crossing in Tucker, Ga.

TUCKER, GA. — CiTYR Group has purchased LaVista Crossing, a 240-unit apartment community in the Atlanta suburb of Tucker. The Israeli-based property investor financed its acquisition with a $19.5 million bridge loan provided by KeyBank Real Estate Capital. Michael Muller of Eastern Union Funding arranged the loan on behalf of CiTYR, which plans to upgrade the property’s amenities. CiTYR has selected Atlanta-based CFLane LLC, a subsidiary of Cocke Finkelstein Inc., to oversee management of LaVista Crossing.

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