PPD Holdings has closed on a refinancing loan for The Crest at Berkeley Lake. The Crest at Berkeley Lake is a 382-unit apartment community in Duluth, Georgia that had an $18.95 million loan refinanced with PPM America.
PPD Holdings has closed on a refinancing loan for The Crest at Sugarloaf. The $28 million loan on The Crest at Sugarloaf — a 540-unit apartment community in Lawrenceville, Georgia — was refinanced with lender The Guardian Life Insurance Company.
PPD Holdings Investment Group has taken advantage of the recent boom in the multifamily industry, closing sales on numerous properties located across the Southeast, with those transactions totaling more than $361 million.