Covington Town Center

Edgewood recently funded $21,850,000 in senior and mezzanine loan secured by 131-acre town center project located in Covington, GA. The sponsor required a quick close to refinance the existing debt and to receive additional proceeds required to complete the horizontal improvements for the project. Edgewood was able to restructure the transaction and commit to taking down the entire debt stack when problems arose within days of the scheduled closing.