Multifamily - Debt

CoHo Apartments is refinanced for $21.088 million, nestled in bustling Atlanta

ATLANTA, GEORGIA (November 9, 2022) – Faron Thompson, senior vice president/regional marketing director of Northmarq’s Atlanta debt/equity team, completed the $21,088,000 refinance for CoHo Apartments. The 128-unit multifamily property (built in 1948 and fully renovated in 2015) is located 177 North Colonial Homes Circle Northwest, Atlanta, Georgia. Northmarq secured the financing through its status as a Freddie Mac lender.

“We were pleased to help CoHo Apartments secure a refinance with our lending partner. Our experience in the industry and relationship with our lending partner allowed us to provide our clients with a seamless transaction,” added Thompson.

Newly renovated to combine modern touches with original character, CoHo apartments is four miles north of Downtown Atlanta in the Buckhead neighborhood. The pet-friendly community is brimming with high end amenities. The property lies centrally to interstates 85 and 75, adding commuter benefits. There are renowned education opportunities, both K-12 and university, that surround the neighborhood.

Nestled near city attractions, CoHo Apartments has five parks within 3.6 miles, including the Atlanta Botanical Garden, located only 3.1 miles from the property. The Atlanta Botanical Garden is an important feature to Atlanta’s park system, which is widely known as a hub to the BeltLine: A 22-mile multi-use trail that follows the former railway system through the core of Georgia.

Community amenities include: Yoga studio, resort-style pool, outdoor grilling area, patio space, fitness center, fenced yards, gazebo, pet play/wash area, flexible lease options, on-site maintenance, and clubhouse. Apartment amenities include: High speed internet, in-unit washer/dryer, granite countertops, tile backsplash, stainless steel appliances, private balcony/patio, spacious yard, and surface and garage parking space.

Atlanta’s multifamily market is showing continued improvement in property fundamentals during the second quarter, according to Northmarq’s recently released Atlanta Q2 Multifamily Market Insights report. Vacancy has tightened during an extended period of steady additions to inventory in recent years with transaction activity ahead of the pace recorded last year. Read the full report.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.