Metro Atlanta Senior Community Scores $48M Refi
- Oct 07, 2019
Village Park Senior Living has obtained a $48 million Freddie Mac seniors loan to refinance Village Park at Peachtree Corners, a 132-unit senior community in Peachtree Corners, Ga. Greystone Managing Director Cary Tremper originated the 10-year mortgage on behalf of Harbert Seniors Housing Fund I. In December, the owner received $86 million in financing for an Atlanta senior community currently under development in the Buckhead submarket.
Located at 5701 Spalding Drive, the property is near Peachtree Parkway, roughly 23 miles northeast of downtown Atlanta. The community is less than 1 mile west of Peachtree Parkway Shopping Plaza and Emory Eastside Medical Center is 1 mile south.
Village Park at Peachtree Corners provides independent living, assisted living and memory care services. The property comprises apartments, cottages and bungalows ranging in size from 317 to 1,700 square feet. Amenities include health and wellness facilities such as a health spa, pet park, juice bar and fitness centers but also social events options like shopping trips, holiday events and social movie nights. The community also features restaurant-style dining, private transportation and a beauty salon.