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.
– NorthMarq arranged financing for the borrower, BJS Starnes Elderly LP through Freddie Mac’s TEL program.
“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
– 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.