LOAN ARRANGED FOR BANK OF NORTH GEORGIA ACQUISITION

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ATLANTA — iCap Realty Advisors has secured a $1.5 million loan for the acquisition of a Bank of North Georgia in Atlanta. The undisclosed borrower’s 10-year loan has a 6.5 percent fixed rate and a 25-year amortization. Alfie Means and Bill Mitchell of iCap’s Atlanta office arranged the financing through a life insurance company.

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