(To read more on the multifamily market, click here.)
ST. MARYS, GA-Developers continue to discover this coastalcommunity 30 miles south of Brunswick, GA and 20 miles north ofJacksonville, FL. The latest venture is the Palms at North River, aplanned 13-building, 47-unit community overlooking the NorthRiver.
Chicago-based Wrightwood Capital, formerly Cohen Capital, isproviding a $15.47-million, two-year construction loan on theproject to the developer, North River Capital LLC. The first phasewill consist of 18 units. Later phases will be driven by marketdemand, according to Wrightwood's Atlanta office which structuredthe loan.
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