Northmarq’s Atlanta office arranges refinance of Crest at Acworth multifamily community

ATLANTA (Dec. 16, 2024) — Northmarq’s Atlanta Debt + Equity team of Drew Markley, vice president, and Faron Thompson, senior vice president and regional managing director, secured the external refinance of a 314-unit multifamily property in Acworth, Georgia. Crest at Acworth was built in 2023 and is situated on 21.4 acres.

Northmarq arranged the refinance on behalf of the borrower, an Atlanta-based owner/developer, through a correspondent relationship with a life insurance company. The transaction was structured on a 5-year term.

“We are thrilled to have played an instrumental role in successfully refinancing this outstanding apartment project for one of our most valued clients,” said Markley. “Utilizing our extensive network of life insurance companies, we were able to provide a tailored solution that aligned with our client’s immediate needs and long-term investment strategy for this asset.”

Ideally located at 1348 Highway 92, Crest at Acworth offers one-, two- and three-bedroom apartment homes with easy access to Interstate 75 and Highway 92. Residents enjoy short commutes to top employers in the area, as well as recreation at Lake Allatoona and Kennesaw State University. The pet-friendly community features a saltwater pool, 24-hour fitness studio, bark park, electric car charging stations and more. Crest at Acworth boasts spacious interiors with energy efficient stainless-steel appliances, tall ceilings, granite countertops, walk-in closets and luxury wood-style flooring.

Other community amenities include: Gated community, sundeck, free weights, grilling stations, free paddle board rentals, green building, courtyard, bike racks, recycling, package receiving, high speed internet, on-site maintenance and private garages.