Parkland Residential lands $8 million loan for phase two, 37-stacked townhomes of Sweetwater Springs community

10/31/2024

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Atlanta Agent Magazine

• Subcategory: Capital Markets: Debt, MF: BTR, MF: Market Rate

• Tag: Closing | New Construction

• Additional Filters-Subcategory: Capital Markets: Debt-Construction Loan, MF: BTR-Townhome

Parkland Residential secured an $8 million construction loan from The Piedmont Bank for Phase 2 of its Sweetwater Springs build-to-rent community in Lawrenceville.

Land development is complete, and framing will start soon on the 37 stacked townhomes. Sweetwater Springs Phase 1 opened three years ago and is 100% leased.