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**River North Secures $33.5M Loan for Build-to-Rent Community in LaGrange**
River North Real Estate Partners has secured a $33.5 million construction loan to develop Canopy Crest, a 152-unit build-to-rent (BTR) community in LaGrange, Georgia. JLL Capital Markets arranged the three-year, floating-rate loan on behalf of the borrower.
Located at the intersection of Young’s Mill Road and Hammett Road, just two miles from downtown LaGrange, Canopy Crest will be developed on a 44-acre site adjacent to the Georgia International Business Park—one of the largest business parks in the nation.
Canopy Crest is the first phase of a larger development and will feature detached homes and ranch-style “barndominium” residences averaging 1,242 square feet. Amenities planned for the community include a fitness center, swimming pool, walking trails, dog parks, picnic areas, and fire pits. Each home will come with a fenced backyard, catering to the growing demand for quality rental homes in suburban settings.
The JLL Capital Markets Debt Advisory team, led by John Davis, Hunter Goldberg, and Hamp Gibbs, represented River North in securing the financing.
Construction on Canopy Crest is expected to begin soon, with completion anticipated by 2027. The development is located within a Qualified Opportunity Zone, providing potential tax advantages for investors.
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