ATLANTA, GA--Engler Financial Group presents Gwinnett Place Apartments, (top right photo) an attractive 304-unit, Class “B+” apartment community located off Sweetwater Road, approximately one-quarter mile east of Pleasant Hill Road, in Lawrenceville, Georgia.Greg Engler, CEO/President, Engler Financial Group, says the acquisition of Gwinnett Place Apartments can be partially financed through the assumption of $10,400,000 in tax-exempt “low floater” municipal bonds with a 4.645% rate cap in place.
The existing bond financing assures the buyer of below market interest rates for the term of the substitute credit enhancement, which adds substantial value to the property.
Gwinnett Place Apartments are being offered for sale on an unpriced basis and represents an excellent opportunity to purchase a well-located apartment community in one of the fastest growing and most dynamic metropolitan markets in the United States. Bids for Gwinnett Place Apartments will be due today, Oct. 24.CONTACTS:
Greg Engler, CEO/Presiden, t678/992-2000, ext. 1, gengler@efgus.com
Pat Jones, Senior Vice President, 678/992-2000, ext. 2, pjones@efgus.com
Kris Mikkelsen, Senior Associate, 678/992-2000, ext. 4, kmikkelsen@efgus.com
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