**ARC Multifamily Secures $72.8M in Acquisition Loans for Two Georgia Properties**
ARC Multifamily has secured two acquisition loans totaling $72.8 million for the purchases of two apartment communities: Novo Stockbridge in Stockbridge, Georgia, and Novo Sweetwater in Lithia Springs, Georgia.
The financing was arranged by Blake Cohen and Charlie Clark of CBRE’s Debt & Structured Finance team in Atlanta. The portfolio includes a combined total of 594 Class A garden-style units. Both properties were constructed recently, in 2023 and 2024, by developer Shelton McNally.
The funding was structured through two separate Fannie Mae acquisition loans — $34.79 million for Novo Stockbridge and $38.05 million for Novo Sweetwater.
Novo Stockbridge offers advantageous access to key employment hubs such as Hartsfield‑Jackson Atlanta International Airport and a growing medical district, including the $212 million expansion of Piedmont Henry Hospital.
Novo Sweetwater is strategically located near major mixed-use development activity, including the $350 million Trails development, enhancing its long-term value and appeal.
