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Longline Financial provided a structured capital solution for The Marlowe (Carrollton, GA) consisting of a $20,750,000 senior loan and a $2,720,000 participating preferred equity investment. The financing supports a planned student-to-conventional multifamily conversion, aligning acquisition and renovation execution with a practical capital stack for the business plan.
Aerial view of The Marlowe in Carrollton, GA, a multifamily community supported by structured senior loan and preferred equity financing.
Collateral profile
The Marlowe is a 2006-vintage community comprising 168 units and 492 beds, with a unit mix concentrated in two- and three-bedroom floor plans averaging approximately 1,175 SF. The property includes a broad amenity set that supports conversion to conventional multifamily demand, including larger units, clubhouse, controlled access gate, pools, fitness center, courts, and other resident features.
Transaction Overview and Capital Stack Structure
Longline’s financing is designed to support the conversion strategy—unit renovations, curb appeal improvements, and an operating transition to conventional multifamily—while maintaining flexibility to execute through defined milestones.
In addition to senior financing, Longline Financial provided participating preferred equity as part of the overall solution. This structure is intended to help complete the capital stack efficiently by reducing the sponsor’s required equity contribution, while aligning incentives across the business plan.
Exploring land, pre-development, or transitional financing?
Borrowers and brokers pursuing execution-focused senior mortgages for complex or time-sensitive situations are invited to connect with Longline Financial.
Longline Management, LLC is an investment holding company based in Atlanta, GA. Founded in 2019, Longline invests in real estate and hard assets, related credit strategies and select operating companies. Longline invests nationally with a focus on the Southeast U.S. Since inception Longline has invested $500 million of equity across its platform on behalf of institutional and individual investors and for its own account.
