Georgia-based Infinity RE Impact buys portfolio of 13 affordable housing units in Georgia, South Carolina

Georgia-based Infinity RE Impact recently acquired a portfolio of 13 affordable multi-family community assets in Georgia and South Carolina.

The company purchased the properties with a two-year, $87.7 million bridge loan financed by Berkadia.

“Almost 10 years ago we funded the first deal for the company that preceded Infinity and my team and I are so excited about the growth and development of Infinity,” said Berkadia CEO Jeff Lawrence, in a statement. Press release. “We are not just a debt provider, they are our partner. As such, we strive to help them grow all aspects of their business. »

The 13 properties include:

  • 118-unit Lake Forest apartments at 1360 Otilia Drive in Gainesville.
  • 80 units Forest Creek at Moultrie Apartments at 409 Martin Luther King Jr. Drive in Moultrie.
  • 98-unit Lakeview apartments at 1210 Stewart Street in Carrollton.
  • 160-unit Rolling Ridge Apartments at 100 Rolling Ridge Drive in Athens.
  • 100-unit Shenandoah Forest Apartments at 8 Forest Circle in Newnan.
  • 130-unit Sunny Brook Apartments at 1300 Mineral Springs Road in Elberton.
  • 90-unit Briarwood Apartments at 1201 S 1st St. in Jesup.
  • 150-unit Indian Oaks at 1103 E Church St. in Fort Valley.
  • 78-unit Shadowood at 2506 Lumpkin Road in Augusta.
  • 120 The Cliffs units at 826 Shugart Road in Dalton.
  • Riverbend of 75 units at 441 E McIntosh St. in Milledgeville.
  • Georgian Woods of 66 units at 120 McNeil Drive in Douglas.
  • 76 Crestview Village units at 908 Crestview Road in Easley, SC

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