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AloStar Commits More Than $25MM Through Newly Launched Real Estate Platform

Date: Nov 17, 2015 @ 08:01 AM
Filed Under: Real Estate

AloStar committed more than $25 million to Atlanta Investment Properties Group (Atlanta, GA) and Campus Crest (Charlotte, NC) through its newly launched platform, AloStar Real Estate Finance.

Atlanta Investment Properties Group received a real estate term loan of $5.4 million. The loan will allow the company to acquire a multi-tenant, Class B office building in Dunwoody, Ga. And provide additional funding for capital improvements. 

Campus Crest is a vertically-integrated student housing developer, builder, owner and manager of special purpose student housing. The company received a $20 million real estate term loan to refinance two student housing complexes that serve students at Purdue University (West Lafayette, Ind.) and Penn State University (State College, Pa.).

AloStar Real Estate Finance has grown as an organic standalone product as well as an add-on to AloStar Capital. The organic expansion into real estate includes a focus on value-add and income producing properties including but not limited to retail centers, apartment complexes and office buildings, while avoiding the land and construction segments.

“We developed our real estate platform to better serve our clients and to continue providing them with custom capital solutions,” said Andy McGhee, president and CEO of AloStar. “AloStar is pleased to be able to offer these services to Atlanta Investment Properties Group and Campus Crest as we become a committed partner to both organizations.”

AloStar provides solutions for clients, prospective clients and referral sources who have capital requirements that range between $5 million and $20 million. AloStar provides these solutions through AloStar Business Credit, AloStar Lender Finance and AloStar Real Estate Finance.

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