Wanda Riggs Mack closes $7.5 million loan for senior housing/LIHTC property in Clarkston, Georgia

Starnes Senior Living
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ATLANTA, GEORGIA (October 24, 2019) – Wanda Riggs Mack and Randy Wolfe secured a $7.5 million forward commitment permanent loan for Starnes Senior Living in Clarkston, Georgia. 

Financing Details:
- NorthMarq arranged financing for the borrower, BJS Starnes Elderly LP through Freddie Mac’s TEL program. 

Producer Quote:
“We are excited to be a part of the work that the Beverly J. Searles Foundation, the Housing Development Corporation, and the Housing Authority of DeKalb County are doing to provide senior affordable housing to the residents of DeKalb County!” 

- Wanda Riggs Mack

Property Details:
- The class A 128 unit property is being developed in Clarkston, Georgia, and is located less than 1.5 miles northeast of Interstate 285, allowing excellent access to the greater Atlanta metropolitan area.
- Starnes Senior Living is designed around a central courtyard with an amenity package that includes a business center, exercise facility, and recreation areas.

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About Northmarq 
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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