ATLANTA—Despite a hard hit Atlanta commercial real estate market, Buckhead Place has won the confidence of investors. Buckhead Place has secured a $50 million refi.
CBRE’s Capital Markets group arranged the permanent financing. William Tyler, senior vice president of Atlanta’s CBRE Debt & Equity Finance team, represented Buckhead Place LLC, a subsidiary of JH Holdings, Inc., through its advisor, Coro Realty Advisors. Nationwide Life Insurance Company financed the Atlanta office building at a sub-4% interest rate.
“Buckhead Place has been under the same ownership and virtually debt free for three decades,” Tyler said in a statement. “The owner decided rates were low enough for 50% leveraging of the development.”
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