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CIG Funds Suburban Condos

ATLANTA-The Washington, DC-based lender is providing a $3.97 million mezzanine debt package to Greystone Vinings of Tallahassee LLC for the development of Greystone @ Vinings, a five-story, 60-unit property in Vinings, GA.

By Alex Finkelstein | Updated on December 19, 2003

ATLANTA-CIG International LLC is providing a $3.97 million mezzanine debt package to Greystone Vinings of Tallahassee LLC for the development of Greystone @ Vinings, a five-story, 60-unit condominium community in suburban Vinings, GA.

The Washington, DC-based lender didn’t disclose loan terms. “We’ve been a bit cautious about new condo deals in Atlanta over the past two years, but this one was a diamond in the rough,” says CIG vice president Therese Taylor. “The Greystone provides a good value in a great location. Buyers get the luxury of Buckhead living at Cobb County prices.”

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