$21.04 MILLION SECURED FOR AUSTELL APARTMENT COMPLEX

AUSTELL, GA. — CB Richard Ellis has arranged a $21.04 million loan for an undisclosed Florida investor’s acquisition of the 518-unit Birch Landing Apartments in Austell. The loan comes with a 24-month interest-only period, a 30-year amortization and an 80 percent loan to value ratio. Dennis Jimenez of CB Richard Ellis’ Orlando, Fla., office secured the loan.