Commercial real estate firm and investment sponsor Red Oak Capital Holdings LLC has closed a $2.31-million bridge loan for the refinancing of Hawthorne Manor Apartments, a 20-unit multifamily community located in College Park, Ga., part of the state’s Aerotropolis neighborhood. The non-recourse, interest-only loan was structured under Red Oak’s Opportunistic Bridge Loan Program and carries a 2.5-year term and a long-term sustainable value of 63.29%.