Client’s $31 million project to acquire and develop student housing community

Posted by Lawrence C. Kasmen on

Berman Fink Van Horn attorneys represented the developer in the acquisition and development of the Arcadia on the River student housing community to be constructed in Milledgeville, Georgia, just outside Georgia College and State University. The $31 million project consisted of approximately $9 million in equity and an approximately $22 million construction loan. The complex transaction included the restructuring and refinancing of an unrelated property and negotiations with multiple investors and lenders, spanning more than two years.