Tidal Refinances Savannah Property with $79M, 5Y, Floating Rate Bridge Loan from BentallGreenOak (BGO)

  • 5/30/2024

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Tidal Real Estate Partners, a New York-based real estate development firm, has refinanced Ann Street Lofts at 111 Ann St., a 232-unit mixed use multifamily property in the Historic District of Savannah, Ga., with a $78.6 million bridge loan provided by BentallGreenOak. The five-year, floating-rate bridge loan retires previous construction debt on the property supplied by Cerberus Capital Management. The property, the first mass timber residential building developed in the Southeast, was completed in 2023 and caters primarily to students at Savannah College of Art and Design (SCAD), creatives and young professionals.

BentallGreenOak (BGO)
Abbe Borok | Managing Director, Head of US Debt

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