Chicago, Illinois – NXT Capital announced today that it provided a $15 million first mortgage loan to finance the acquisition of Great Oaks Center, a three-building Class B+ office portfolio located in Alpharetta, Georgia.
Great Oaks Center is located 28 miles north of the Atlanta Central Business District near Georgia State Route 400, which provides direct access to the Central Perimeter, Buckhead, Midtown and Downtown Atlanta.
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.