NorthMarq Secures $22.2 Million Refinancing of Flats at 316 Near the University of West Georgia

Flats at 316 is located near the University of West Georgia campus in Carrollton. Flats at 316 is located near the University of West Georgia campus in Carrollton.

Carrollton, Ga. — NorthMarq has secured a $22.2 million refinance for Flats at 316, a 240-unit student housing community located near the University of West Georgia in Carrollton.

The transaction was structured with a three-year, interest only term. Will James of NorthMarq arranged the financing on behalf of an undisclosed borrower through a bridge lender.

Community amenities include a basketball court; cyber café; dog park; a lounge with a flat screen, pool table, ping pong, poker and other games; a resort-style swimming pool; a sand volleyball court; coffee bar; state-of-the-art fitness center; and shuttle service to and from campus. 

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