PEMBROOK CAPITAL CLOSES $13.7M LOAN FOR METRO ATLANTA APARTMENTS

by admin

CLARKSTON, GA. — Pembrook Capital Management LLC has provided a $13.7 million bridge loan for the recapitalization and renovation of Alden Ridge, a 368-unit garden-style apartment community located in Clarkston, a northeast suburb of Atlanta. The property is located on the south side of Post Oak Road and the east side of Brockett Road. The borrower plans to use the financing to pay off an existing loan, recapitalize its ownership structure, fund property renovations and pay any closing costs and fees.

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