ATLANTA—Star McGinnis Ferry, an indirectwholly-owned subsidiary of Steadfast ApartmentREIT, just inked a $73.7 million acquisition loan forResidences on McGinnis Ferry. The multifamilycommunity is in Suwannee, GA.

Berkadia Commercial Mortgage arranged the loan.Berkadia senior vice president Matt Greer workedwith the borrower to secure the 10-year, floating-rate financingthrough the firm's Fannie Mae program. Loan termsinclude a 1.85% variable rate, five years of interest-onlypayments, 75% loan-to-value ratio and a 30-year amortizationschedule.

“Ongoing employment growth and limited supply is fueling strongdemand in the greater Atlanta market,” says Greer. “Our regionalFannie Mae team is based in Atlanta, so we were able to leverageour local expertise to provide the client with the resources itneeded to capitalize on these opportunistic market conditions.”