Foxworth Forest Apartments (Newnan, GA)
Centrant Community Capital provided a $1,810,478 permanent mortgage loan to finance the acquisition and rehabilitation of Foxworth Forest Apartments located in Newnan, GA. This 72-unit property was completely rehabilitated with new roofs, exterior siding, windows and doors, as well as all-new interior fixtures, finishes and appliances. The existing community building was demolished and replaced with a larger building offering an on-site leasing office, laundry room, computer room and meeting space with a kitchen. In addition to the Centrant mortgage, the project received allocations of federal and state housing tax credits.