Red Oak Capital Holdings, LLC, has provided a $9.225-million bridge loan for the Ridge Avenue Apartments, a newly built residential community in Philadelphia.

EAST POINT, GA. — Red Oak Capital Holdings has provided an $8.7 million bridge loan for the acquisition and renovation of Garden Courts Apartments, an 86-unit multifamily community in the southwestern Atlanta suburb of East Point within three miles of Hartsfield-Jackson Atlanta International Airport. Underwritten within Red Oak’s Opportunistic Bridge Loan Program, the nonrecourse, interest-only loan carries a two-year term with a 73.9 percent loan-to-value ratio. Dave Christensen, Thomas Gorsk and James Myatt of Red Oak originated the loan. Arden Gist of Gist Group LLC arranged the financing on behalf of the borrower, Atlanta-based Miller Capital Properties.

Red Oak Capital Holdings, LLC, a leading provider of private capital solutions for commercial real estate, has closed an $8.65-million bridge loan for the acquisition and renovation of Garden Courts Apartments, an 86-unit garden-style multifamily community in East Point, a growing submarket within the Atlanta metropolitan area.

Westmount Realty Capital Sells 1980s-Era Multifamily Property

After adding extensive upgrades, a Dallas-based company sold a 45-year-old apartment complex in Arlington.