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MARIETTA, Ga. — NorthMarq Capital has arranged a credit enhancement and joint venture sponsor to finance the construction of The Arbor Terrace at Burnt Hickory, a 92-unit community in the Atlanta suburb of Marietta.
Developer and operator The Arbor Company is developing the community, which Choate Construction is building. The targeted completion date is March 2017.
Will James, vice president in NorthMarq’s Atlanta office, secured the financing for the land owner, Hollander Properties. Specific terms were not disclosed.