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Parkland Communities has obtained a $57 million aggregation facility to finance all homes upon completion at its 317-unit Grove Landing project, a build-to-rent community in Warner Robins, Ga. Greystone arranged the note that includes a 36-month term.
Previous financing for this project includes a $20.1 million construction loan originated by Forman Capital in August 2023, according to Yardi Matrix information. That note expires in 2025.