Cushman & Wakefield secured $37.8 million in construction financing for a new 271-unit apartment community, Vue at the Quarter, to be developed in Atlanta’s Upper Westside submarket. Mike Ryan, Brian Linnihan, Richard Henry and Blake Cohen of Cushman & Wakefield were engaged by GJ Enterprises Acquisitions to finance the project.
The construction financing includes a $32.8 million senior loan provided by Ameris Bank and $5 million in preferred equity investment from RSE Capital Partners. The property, located at 2048 Bolton Drive NW, totals 359,000 rentable square feet, and will include five four- and five-story buildings. Completion is slated for May 2020.