InterCapital Group, LLC. has secured $36,112,000 in Fannie Mae DUS loans for the acquisition of a portfolio of three multifamily properties in Austell and Douglasville, GA. The facility was provided through real estate lending, investment and advisory company Greystone and carries a ten year term with three years of interest-only and a low fixed interest rate. The first property acquired was the 264 unit Glen Apartments in Austell for $14,960,000. The second and third purchases were for the Home Ridge (200 units) and Stewart’s Mill Apartments (188 units), both located in Douglasville, which were bought for $9,822,000 and $11,330,000, respectively. The loans were originated by Rob Russell of Greystone. “We look forward to growing our relationship with InterCapital and helping them meet the growth and acquisition goals of their expanding portfolio through providing tailored financing solutions,” said Joe Mosley, Executive Managing Director and head of agency lending at Greystone.
