Benmark Capital has provided a $40 million bridge loan to Olympia Heights Management to refinance its Opus Place development in Atlanta, Commercial Observer has learned.
The 4-acre development site sits at 98 14th Street NE in Midtown Atlanta, directly across from the Four Seasons hotel. It will soon be transformed into a 1.8-million-square-foot mixed-use development that comprises a 53-story residential tower— the city’s tallest residential building — commercial space plus a retail component.
Benmark’s two-year loan refinances an existing bridge loan on the Perkins+Will-designed property that was nearing maturity,
