NorthMarq Arranges $7.5M Loan for Affordable Development in Metro Atlanta

CLARKSTON, Ga. — NorthMarq has secured a $7.5 million permanent loan for Starnes Senior Living, an affordable seniors housing community currently under construction in the Atlanta suburb of Clarkston.

The borrower for the Freddie Mac loan is BJS Starnes Elderly LP. Other partners include The Beverly J. Searles Foundation, The Housing Development Corporation, and The Housing Authority of DeKalb County.

The development will total 128 units. Wanda Riggs Mack and Randy Wolfe led the NorthMarq team.