Transactions

artemis

Platform Investment

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.

$3,000,000 – Joint Venture Equity

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.

$2,900,000 – Senior Loan

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.

$1,200,000 Joint Venture Equity

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.

$2,650,000 Flex-Office Portfolio Acquisition

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.

$615,000 Senior Loan – Self-Storage

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.

$3,200,000 – Joint Venture Equity

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.

$2,400,000 – Joint Venture Equity

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.

$2,900,000 – Joint Venture Equity

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.

$10,000,000 – Flex-Industrial Acquisition

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

$6,200,000 – Bridge Loan – Economy Extended Stay Property Portfolio

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.

$937,590 – Non-Performing Note Acquisition

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. 

$1,200,000 – Senior Loan – Industrial (Cold Storage)

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.

$2,300,000 – JV Equity – Adaptive Reuse / Office Development

Toccoa, through an affiliate, provided $2,300,000 in JV equity to a developer to purchase an existing warehouse and convert it into creative/loft office.  The building was 50% preleased to a well-established company at the time of closing.

$3,700,000 – Off Balance Sheet Land Bank

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.

$4,500,000 – JV Equity – Historic Building Rehab / Condominium Conversion

Toccoa, through an affiliate, provided $4,500,000 in JV equity to a renowned national developer to convert a historic building into residential condominiums in downtown Charleston, SC.