Majority Capital Advisors provided a $13,140,000 full capital stack solution to finance the acquisition of a 156-unit value add multifamily property in Atlanta, GA. One of our off-shore capital sources provided 85% JV equity for the transaction. An 80% loan-to-cost bridge was arranged with a nationally recognized lender.?
The structured transaction provides the sponsor with the financing needed to renovate and reposition the asset over the next 24 – 36 months.?Planned interior improvements include granite countertops, stainless steel appliance upgrades, painting, tile backsplashes in kitchens, cabinet replacements as needed, installing washer/dryer connections, carpet and vinyl plank flooring upgrades, and installation of modern lighting and bathroom fixtures. Exterior upgrades include repainting the exteriors, asphalt repairs and restriping the parking lot, converting the leasing office to a fitness center, building a larger leasing office, interior corridor and common area renovations, landscaping improvements, roof repairs, replacement of all windows and patio doors, pool/amenity improvements, and signage upgrades.
