HOUSTON, Sept. 6, 2023 - JLL Capital Markets announced today that it has closed the $26.78 million construction financing for Rosebud Place, a Class A 139-home community located at 2882 Rosebud Road in the Atlanta suburb of Loganville.
JLL represented the sponsor, a joint venture between Landeavor and LAMB Properties to secure the five-year, floating-rate loan through a regional bank.
Rosebud Place will include three- and four-bedroom homes, ranging from 1,833 to 1,854 square feet, and will feature stainless steel appliances, in-home washers and dryers and attached two-car garages. Community amenities will include a resort-style pool, a large dog park, a children's play area and walking trails.
The community is located within the highly desirable Grayson School District, with top-rated elementary, middle and high schools. Additionally, the property sits near Atlanta's most active industrial submarket, I-85 Northeast.
The JLL Capital Markets Debt Advisory team was led by Managing Director Matthew Putterman, Senior Managing Director Danny Kaufman, Managing Director Chris Knight and Director Ware Shipman.
"We are thrilled with the partnerships we've created to finance and build Rosebud Place," said Adam Lorry, Managing Principal of Landeavor. "This best-in-class rental community will provide an amenity-focused backdrop for renters seeking a single-family home in the coveted Grayson School District."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Inc. published this content on 06 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2023 15:29:26 UTC.
