Joseph Jemal’s Icer Properties has secured $105 million of acquisition financing to purchase three Georgia multifamily properties in the Atlanta region, Commercial Observer has learned.
Arbor Realty Trust provided the 36-month loan at a loan-to-cost ratio of 85 percent with full-term interest-only payments and a LIBOR-based interest rate. Meridian Capital Group arranged the transaction with a team led by Cary Pollack and Judah Neuman.
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