Newmark arranged a $109.5 million loan on behalf of an Ares Real Estate fund to refinance The Knox and The Finch, a portfolio of recently constructed multifamily communities located in Acworth and Hoschton, Georgia. The financing was secured from ACORE by Newmark’s Jordan Roeschlaub, Nick Scribani , Chris Kramer and Sam Speciale.
Delivered in late 2023 and early 2024, The Knox and The Finch total 638 units and feature pools, fitness centers, resident lounges and media rooms, as well as expansive outdoor gathering areas.
Built in 2023, The Knox has 363 units in a four-story building. The Knox rents range from $1,366 to $4,183, with rooms ranging from 720 to 1,552 square feet.
The Finch’s rents range from $1,418 to $2,682 in rooms that are 725 to 1,463 square feet. At the time of the sale, renters were receiving two months of free rent upon signing a lease.
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