IMS Would Like to Congratulate Client, RADCO, on Successfully Obtaining $32 Million in Financing to Purchase Two Apartment Communities
$32 Million in financing for Stanton Place Apartments in Acworth, Ga, and The Reserve at Ashley River in North Charleston, SC was secured by Cushman and Wakefield on behalf of The RADCO Companies. C&W’s Atlanta Equity, Debt & Structured Finance Group, led by Mike Ryan, Telly Fathaly and Brian Linnihan are responsible for securing the short-term, floating-rate loan for the properties’ acquisition and capital improvement plans.
Stanton Place Apartments is a 240-unit, garden-style community located roughly 30 miles outside of Atlanta in Acworth, GA. The Reserve at Ashley River a 280-unit, garden-style community located in North Charleston, SC. RADCO plans to invest $6.3 million in capital improvements into the two communities.
RADCO has an indisputable track record when it comes to adding value to properties that they acquire. Their hands-on approach, experience, and pride in creating value for investors and quality homes for their residents have led to their strong reputation within the industry.
To learn more about RADCO, please visit them at www.radco.us
Images courtesy of Stanton Place and Greenwood at Ashley River