Red Oak Capital Holdings, LLC, a leading provider of private capital solutions for commercial real estate, has closed a $2.31-million bridge loan for the refinancing of Hawthorne Manor Apartments, a 20-unit multifamily community located in College Park, Georgia, part of Atlanta’s growing Aerotropolis submarket.
The non-recourse, interest-only loan was structured under Red Oak’s Opportunistic Bridge Loan Program and carries a 2.5-year term and an LTSV of 63.29%. The borrower intends to refinance the Red Oak loan with agency debt following stabilization.
The loan was originated by Red Oak Regional Manager Nick Jans, underwritten by Thomas Gorski, and administered by James Myatt. CBRE Capital Markets EVP Craig Hall arranged the financing on behalf of the borrower, Prime Realty Ventures, LLC, which owns a portfolio of 10 multifamily communities totaling more than $16 million in assets across the Atlanta metro area.
“Hawthorne Manor reflects the kind of asset transformation we actively support—strong sponsorship, meaningful renovations, and a business plan aimed at long-term stability,” said Gary Bechtel, CEO of Red Oak Capital Holdings. “This transaction supports continued momentum in a neighborhood that remains vital to the Atlanta workforce and well connected to the region’s major economic drivers.”
Located at 3586 Jackson Street, just one mile from Hartsfield-Jackson Atlanta International Airport, Hawthorne Manor Apartments includes four two-story buildings with a mix of one- and two-bedroom units.
“This sponsor has already done the heavy lifting,” said Nick Jans. “With major renovations complete and lease-up in progress, this loan provides the final leg of support to help the property reach full stabilization and long-term viability.”
Nestled between Interstate 85 and Highway 29, the Aerotropolis neighborhood offers convenient access to key transportation arteries, employment hubs, and educational institutions including Atlanta Christian College. The area continues to benefit from steady population growth and increasing household incomes, with demand driven by proximity to the airport and surrounding infrastructure.
