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NXT Capital Provides $44.8M Acquisition Loan for Apartment Community in Metro Atlanta

MARIETTA, GA. — NXT Capital has provided a $44.8 million acquisition loan for Lincoln Hills Apartments, a 680-unit, Class B apartment complex in Marietta, a northern suburb of Atlanta. The garden-style community is located near Cumberland Mall, Cobb Galleria Centre and SunTrust Park, the Atlanta Braves’ ballpark set to open in April 2017. The unnamed borrower plans to construct a 3,000-square-foot clubhouse at the property and renovate the leasing center and swimming pools. Robert Kadoori and Robert LaChapelle of CBRE’s Atlanta office arranged the loan.

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‣ Arbor Realty Trust
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‣ Lee & Associates
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