ATLANTA, GA - Walker & Dunlop, Inc. announced that it provided $26,000,000 in acquisition financing for The Reserve at Johns Creek Walk, a Class A multifamily complex located just outside of Atlanta, Georgia, in the Johns Creek suburb.
The loan was closed on behalf of JLL Income Property Trust, a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office, and retail properties located in the United States.
Led by Executive Vice President and Managing Director Jim Cope and Vice President Benjy Krosin, the Walker & Dunlop team navigated the complexities of the institutional investment management program. This included underwriting the loan to REIT standards and securing financing with the appropriate flexibility required by the Trust. Leveraging their deep understanding of GSE programs and extensive experience in the DST space, the Walker & Dunlop team identified Fannie Mae as the ideal lender for the transaction, securing ten-year financing with five years of interest-only payments.
Located less than 30 miles from the Atlanta Central Business District, The Reserve at Johns Creek Walk enjoys easy accessibility to nearby employment centers and is within walking distance of local retail, entertainment, and restaurants. A top choice for area renters, the city of Johns Creek was recently listed as one of Money Magazine's Top 20 Best Places to Live, thanks to its superior public schools and ample outdoor activities.
Situated on nine acres, the garden-style apartment community comprises 210 units. Amenities include a pool, fitness center, pet spa, playground, car wash, an outdoor kitchen, and picnic areas, as well as a cabana with grill stations and flat-screen TVs. The Reserve at Johns Creek is also located just off of the Johns Creek Greenway Trail.
Source: Walker & Dunlop