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Newmark Secures $109.5M Refinance for Two Atlanta-Metro Multifamily Communities
Newmark has arranged a $109.5 million loan on behalf of an Ares Real Estate fund to refinance two newly developed multifamily communities — The Knox and The Finch — located in Acworth and Hoschton, Georgia. The financing was secured from ACORE Capital by Newmark’s Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Sam Speciale.
Delivered between late 2023 and early 2024, The Knox and The Finch collectively offer 638 residential units. Both properties boast a range of high-end amenities, including resort-style pools, modern fitness centers, resident lounges, media rooms, and expansive outdoor gathering spaces.
The Knox, completed in 2023, comprises 363 units within a four-story structure. Rental rates at The Knox range from $1,366 to $4,183 per month, with unit sizes spanning 720 to 1,552 square feet.
The Finch offers units ranging from 725 to 1,463 square feet, with rental prices from $1,418 to $2,682. At the time of financing, new renters at The Finch were eligible for two months of complimentary rent upon signing a lease.
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