$14,395,000 | Nuvo Development

Property: 1599 Memorial Drive
Location: Atlanta, GA
Description: Class-A, institutional quality self storage development located at 1599 Memorial Dr. SE in Atlanta, GA. The facility’s competitive advantages include its best in class design and construction, 100% climate-controlled units, high visibility and strategic placement along the south side of Memorial Drive SE in proximity to the I-20 and Moreland Avenue interchange, approximately three miles east of downtown Atlanta.
Loan Type: JV Equity & Construction Loan
Lender: Clark Investment Group & Midwestern Bank

Client Benefits:

  • JV Equity with a long-term hold orientation
  • Non-recourse construction loan
  • 70% advance rate
  • 5-year loan term
  • Interest only payments for the full term