Chicago, Illinois – NXT Capital announced today that it provided a first mortgage loan to Audubon Communities to finance the recapitalization of two multi-family properties in Decatur, Georgia.
The properties each consist of 7 two and three story buildings with amenities that include a clubhouse, playground, fitness center and a pool. The properties are conveniently situated one mile from Interstate 285.
Richard Jordan in the Atlanta office of CBRE placed the loan with NXT.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse first mortgages of $10 million to $40 million for major-market properties with initial DSC greater than 1.0X. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.