Johns Creek, GA
Property: Office
Deal Type: Cash Out Refinance
Loan Amount: $3,150,000
This loan was for a 32,200 sq ft office building in Johns Creek, Georgia, a suburb approximately 30 miles northeast of Atlanta that was acquired by the borrower in 2005. The property is occupied by one tenant, and loan proceeds will be used to payoff a mortgage loan, with the left over proceeds being used for working capital for the business. The broker was awarded 1.25 points at closing.
