ATLANTA (October 15, 2007) – Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, invested $3,965,500 of subordinated debt in the development of Brookhaven at Johns Creek.
Brookhaven at Johns Creek will be a 191-unit, age-restricted active adult community in the municipality of Johns Creek in North Fulton County. The development will feature all-brick construction 2& 3 bedroom attached & detached single family units in a gated, maintenance-free community with amenities such as a clubhouse with exercise facilities and a pool, walking trails and tennis courts. The project is a development of Atlanta-based Jim Chapman Communities, Inc.
Units will be priced from $290,000 to the high $300,000s and are currently being offered for pre-sale. The first phase will be available for occupancy in the Spring of 2008.
Jim Chapman Communities is an established developer of age-restricted active adult communities in the Atlanta area. The company focuses on developing communities with high-quality units and significant amenities in sought-after locations. This will be the company’s fifth development. For more information, visitwww.jimchapmancommunities.com.
About Nancy Creek Capital
Nancy Creek Capital’s mezzanine and equity investment fund is a strategic partner to commercial banks in meeting bank customers’ needs for growth, recapitalization and acquisition capital and for real estate project financing. Nancy Creek makes $1 million to $5 million investments of subordinated debt and equity in smaller middle market companies and real estate projects primarily in the Southeast region. The Fund is managed by The Branch-Shelton Company, LLC. For more information, visitwww.nancycreekcapital.com.
Brookhaven at Johns Creek will be a 191-unit, age-restricted active adult community in the municipality of Johns Creek in North Fulton County. The development will feature all-brick construction 2& 3 bedroom attached & detached single family units in a gated, maintenance-free community with amenities such as a clubhouse with exercise facilities and a pool, walking trails and tennis courts. The project is a development of Atlanta-based Jim Chapman Communities, Inc.
Units will be priced from $290,000 to the high $300,000s and are currently being offered for pre-sale. The first phase will be available for occupancy in the Spring of 2008.
Jim Chapman Communities is an established developer of age-restricted active adult communities in the Atlanta area. The company focuses on developing communities with high-quality units and significant amenities in sought-after locations. This will be the company’s fifth development. For more information, visitwww.jimchapmancommunities.com.
About Nancy Creek Capital
Nancy Creek Capital’s mezzanine and equity investment fund is a strategic partner to commercial banks in meeting bank customers’ needs for growth, recapitalization and acquisition capital and for real estate project financing. Nancy Creek makes $1 million to $5 million investments of subordinated debt and equity in smaller middle market companies and real estate projects primarily in the Southeast region. The Fund is managed by The Branch-Shelton Company, LLC. For more information, visitwww.nancycreekcapital.com.
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