Chicago, Illinois – NXT Capital announced today that it closed a $44 million loan to refinance Square One, a newly constructed, 203-unit, Class A apartment building located in Sandy Springs, Georgia.
Square One is located 16 miles north of Atlanta along the Roswell Road corridor. Community amenities include a rooftop pool, clubhouse, outdoor fire pit and lounge area, Atlanta Skyline views, outdoor kitchen and grilling stations, rooftop fitness center, pet park and business center.
Chip Sykes in the Atlanta office of Holliday Fenoglio Fowler, L.P. (“HFF”) placed the loan with NXT Capital.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.