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| Buckhead Atlanta rendering, Atlanta, GA |
ATLANTA, GA (July 1, 2013) – San Diego-based developer
OliverMcMillan has secured a $167 million syndicated construction loan, led by
PNC Capital Markets, LLC, to finance construction on Buckhead Atlanta, the
luxury retail, residential and office development located in the heart of
Atlanta’s upscale Buckhead neighborhood.
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| Morgan Dene Oliver |
The loan will cover the full construction of the six-block,
8-acre complex. Five lenders are involved, including PNC Bank, N.A., CIT
Finance LLC, Compass Bank, Regions Bank, and SunTrust Banks.
“We are so pleased
to continue to move forward with great momentum,” said Morgan Dene Oliver,
chief executive officer of OliverMcMillan. “We’re extremely thankful to all of
the talented individuals who have helped us to get to this point in realizing
our vision for this world-class mixed-use project.”
For a complete copy of the company’s news release, please
contact:
Rachel Tobin
Jackson Spalding
404-724-2501 work
404-276-5930 cell
.
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