Residential Complex Gets $36M Loan

NEWARK-The Georgia King Village in this city's Central Ward, will be rehabbed by owner Southport Financial Services with the proceeds of the financing.

By Eric Peterson | August 29, 2002 at 01:01 AM

According to a company official, Southport Financial Services, which owns affordable urban housing in many of the country's cities, will use the funding to carry out a major renovation on Georgia King Village. No timetable for the project has been announced.

The financing was obtained from Related Capital Co. and from Charter Municipal Mortgage Acceptance Co., an affiliate of Related. Terms of the financing were not disclosed.

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