Conlon Capital Arranges $11.9M CMBS Loan for Retail Center in Metro Atlanta’s Vinings District
SMYRNA, GA. — Conlon Capital has arranged an $11.9 million CMBS loan for the refinancing of Ivy Walk Shoppes, a 42,499-square-foot retail center located at 1675 Cumberland Parkway in Smyrna’s Vining district. The retail property is situated within a mixed-use development near SunTrust Park, the new home of the Atlanta Braves in Cobb County. Rushi Shah of Conlon Capital arranged the 10-year loan on behalf of the borrower, Atlanta-based MRE-Ivy LLC. The loan features a 75 percent loan-to-value ratio and interest-only payments for 18 months.