NorthMarq Secures $22.2 Million Refinancing of Flats at 316 Near the University of West Georgia

by Katie Sloan

Carrollton, Ga. — NorthMarq has secured a $22.2 million refinance for Flats at 316, a 240-unit student housing community located near the University of West Georgia in Carrollton.

The transaction was structured with a three-year, interest only term. Will James of NorthMarq arranged the financing on behalf of an undisclosed borrower through a bridge lender.

Community amenities include a basketball court; cyber café; dog park; a lounge with a flat screen, pool table, ping pong, poker and other games; a resort-style swimming pool; a sand volleyball court; coffee bar; state-of-the-art fitness center; and shuttle service to and from campus. 

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