Avalon Ridge

Avalon Ridge

Avalon Ridge is a 222-unit existing apartment complex consisting of two and three story buildings, built in 2009, located in Atlanta, Georgia. Avalon Ridge was financed under the Section 223(f) program. A waiver of the rule prohibiting refinancing of properties completed less than three years ago was granted. The new $13,224,000 HUD-insured loan has 35-year term.