A joint venture between Landeavor and LAMB Properties announced that it has secured $26.78 million in construction financing for Rosebud Place, a class A 139-home build-to-rent community located at 2882 Rosebud Road in the Atlanta suburb of Loganville, Ga.
JLL represented the sponsor to secure the five-year, floating-rate loan through a regional bank.
Rosebud Place will include three- and four-bedroom homes, ranging from 1,833 square feet to 1,854 square feet, and will feature stainless steel appliances, in-home washers and dryers and attached two-car garages. Community amenities will include a resort-style pool, a large dog park, a children’s play area and walking trails.
The community is located within the highly desirable Grayson School District, with top-rated elementary, middle and high schools. In addition, the property sits near Atlanta’s most active industrial submarket, Interstate 85 Northeast.
