June 21, 2021
An Atlanta developer known for projects on the Beltline has secured a nearly $100 million construction loan for a new apartment project.
New City Properties LLC landed a $97.8 million, four-year development loan for the project on the Eastside Trail. New York Life Insurance Co. provided the financing, according to Fulton County property records. Morris Adjmi Architects, known for its work in historic districts in cities such as New York and New Orleans, is designing the project.
The deal closed on June 4.
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