Prudential Mortgage Capital Co. is funding the five-year loan which has a 64% loan-to-value ratio. Sail Cove Ltd. is the borrower.
Monthly rents for one bedroom, 929 sf, are $790 to $890; two bedroom, 1,296 sf, $970 to $1,070; two bedroom, 1,390 sf, $980 to $1,080; and three bedroom, 1,605 sf, $1,175 to $1,275.
Atlanta-based iCap Realty Advisors brokered the mortgage.
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