Transactions

Toccoa purchased two industrial/manufacturing properties near State College, PA in a long-term sale-leaseback transaction with Interfuse Manufacturing.  This transaction was closed in conjunction with ReNew Manufacturing Solutions acquisition of the company.

Toccoa provided a senior secured term loan secured by all assets of a private homebuilder, in addition to mortgages on certain entitled residential subdivisions.  Toccoa closed the loan within two (2) weeks of signing the term sheet.

Toccoa provided a senior secured term loan secured by all assets of a private mortgage REIT.  The assets consist of various 1^st and 2^nd lien loans on commercial real estate scattered across the USA with a primary concentration in the Pacific Northwest.  Toccoa closed the loan seven (7) days after the term sheet was signed.

Toccoa provided joint-venture equity to Artemis Hotel Group for the acquisition and reposition of the Homewood Suites by Hilton – Galleria/Cumberland in Atlanta, GA. 

Toccoa secured the exclusive right to develop five (5) locations throughout Tennessee, Kentucky, Minnesota, and Wisconsin for a Take 5 Oil Change franchisee.  Toccoa and the franchisee will enter a fifteen (15) year absolute triple-net (NNN) lease agreement for each of the properties. 

Toccoa purchased an industrial property in Leander, TX (Austin MSA) in a long-term sale-leaseback with Absolute Machine & Tooling. This transaction was closed in conjunction with ReNew Manufacturing Solutions acquisition of the company.

Toccoa provided joint venture equity to an established Atlanta based real estate developer for the development of a boutique infill townhouse development in the Toco Hills neighborhood in Atlanta, GA.  The property is located near major employment centers such as Emory University, Emory Hospital, Centers of Disease Control and Prevention, and Childrens Healthcare of Atlanta.  The project will consist of eighteen (18) townhouses when complete.

Toccoa provided Loan-on-Loan financing to a well-established fix and flip hard money lender.   The loan was secured by a collateral assignment of a subset of loan documents held by the hard money lender, with Toccoa’s loan-to-value not exceeding 45% of the collateral value.  The assets held by the hard money lender consist of various 1^st lien loans secured by residential and multifamily properties scattered across the USA. 

Toccoa provided Co-GP equity to facilitate the acquisition of the Staybridge Suites in Tallahassee, FL. This investment was made in partnership through its investment in Artemis Hotel Group, which sponsored the acquisition. The venture entered into a new 15-year franchise agreement with IHG Hotels & Resorts.

Toccoa provided Co-GP equity to facilitate the development of a new one hundred and twenty-four (124) guestroom Extended Stay America in Pensacola, FL. The property is located in close proximity to the Naval Air Station – Pensacola. This investment was made in partnership through its investment in Artemis Hotel Group, which sponsored the development. 

Toccoa provided joint venture equity to an established value-add multifamily operator for the purchase of a multifamily property totaling 75 units in Baldwin, GA. The venture will heavily invest in both interior and exterior renovations in order to improve the overall quality and operations of the property

Toccoa provided Co-GP equity to facilitate the acquisition of the Hilton Garden Inn in Stonecrest, GA. This investment was made in partnership through its investment in Artemis Hotel Group which sponsored the acquisition. The venture entered into a new 15 year franchise agreement with Hilton and will heavily invest in both interior and exterior renovations in order to improve the overall quality and operations of the property

Toccoa has made a platform investment in Artemis Hotel Group to pursue value-add and development opportunities in the hospitality space with an emphasis on the extended stay and limited service verticals.

Toccoa provided joint venture equity to an established value-add multifamily operator for the purchase of a multifamily property totaling 95 units in Austin, TX, just 2 miles south of The Domain. The venture will heavily invest in both interior and exterior renovations in order to improve the overall operations and quality of the property.

Toccoa closed on a $2.9mm land loan secured by 100 acres in Wilmington, NC, zoned for 214 single family homes. The sponsor, an experienced land developer in the Carolinas, was required to close on the land prior to issuance of all necessary land disturbance and utility permits.  As part of the financing provided by Toccoa, it secured a purchase option for the property, which must be exercised once all required permits are in place.

Toccoa provided joint venture equity to an established real estate developer to construct three build-to-suit urgent care facilities located in Locust, NC, Cherryville, NC, and Augusta, GA.  The tenant entered into a 15-year triple net lease with the developer upon closing of the transaction.

Toccoa acquired a two-building flex-office portfolio in Peachtree Corners, GA and Norcross, GA.  The buildings are 13,300 SF and 7,700 SF respectively.

Toccoa provided a $615,000 senior loan to facilitate the acquisition of a self-storage property in Maryville, TN. The borrower was pursuing an SBA loan to acquire the property, but due to timing issues with the SBA, the borrower needed a quick loan to close the transaction. Toccoa closed the loan one week from the signing of the term sheet with the borrower.

Toccoa provided joint venture equity to a well-known Georgia based multifamily operator for the purchase of two multifamily properties totaling 166 units in Athens, GA.

Toccoa provided joint venture equity to a well-known Georgia based multifamily operator on the purchase of a 100-unit multifamily property in Austell, GA.

Toccoa provided joint venture equity to a well-known Georgia based multifamily operator on the purchase of a 120-unit multifamily property in Austell, GA.

Toccoa acquired a two-building flex-industrial property totaling over 130,000 square feet in Technology Park / Johns Creek.

Toccoa provided a bridge loan to facilitate the acquisition and repositioning of two Studio 6 Extended Stay Hotels in Ocean Springs, MS and Pascagoula, MS.

Toccoa acquired a non-performing loan from a regional bank, secured by an 8,000 SF flex-office property located in West Midtown (Atlanta), GA. 

Toccoa provided a $1,200,000 senior loan in order to refinance the asset and provide the owner with working capital to address other cash flow needs. Toccoa closed the loan in less than two weeks from the signing of the term sheet.

Toccoa provided $3,700,000 in equity capital to lead an off-balance sheet land banking transaction in Ft. Collins, CO for a national homebuilder.