Briarcliff

Atlanta, GA

Loan Amount

$2,099,709

Deal Description

Kay Finance was able to secure a JV/ LP equity check from one of our foreign capital partners for this opportunity for a repeat client. The local sponsor was able to secure the deal at a great basis, the property had a value- add component in which the upgrade units with updated kitchens, baths and floors. The client had a strong local understanding of the market and was able to outperform initial projections.

Property Location

Atlanta, GA

 Quick Stats 
Partner Type

JV Equity

Program Type

Acquisition

Program details

- 90/10 equity split
- Waterfall (Promote)
- Max - 35/65 promote split
- 5 year investment outlook