Red Oak Capital Holdings, LLC, a leading provider of private capital solutions for commercial real estate, has provided $7.50 million in financing for the acquisition and rehabilitation of Dodson Courtyard Apartments, a 76-unit multifamily community located in Metro Atlanta, Georgia.
The capital stack includes $6 million allocated for the acquisition and $1.5 million earmarked for property improvements. Red Oak Regional Manager Dave Christensen originated the loan, which was underwritten by Thomas Gorski and administered by James Myatt. The sponsor is an affiliate of Atlanta-based Miller Capital Properties, a repeat Red Oak client with a successful track record of acquiring and repositioning multifamily communities in South Atlanta.
