ATLANTA, GA — November 12, 2025 — Red Oak Capital Holdings, LLC, a leading provider of private capital solutions for commercial real estate, has provided $7.50 million in financing for the acquisition and rehabilitation of Dodson Courtyard Apartments, a 76-unit multifamily community located in Metro Atlanta, Georgia. Structured under Red Oak’s Opportunistic Bridge Loan Program, the interest-only loan carries an 18-month initial term and represents a loan-to-stabilized value (LTSV) of 67.57%.
The capital stack includes $6 million allocated for the acquisition and $1.5 million earmarked for property improvements. Red Oak Regional Manager Dave Christensen originated the loan, which was underwritten by Thomas Gorski and administered by James Myatt. The sponsor is an affiliate of Atlanta-based Miller Capital Properties, a repeat Red Oak client with a successful track record of acquiring and repositioning multifamily communities in South Atlanta.
“We’ve seen firsthand how well the sponsor knows this market. They understand the tenant base, they manage their own assets, and they execute efficiently,” said Christensen. “Their plan for Dodson Courtyard builds on a proven formula: targeted unit renovations, light exterior upgrades, and a fast path to stabilization. We were able to underwrite and close quickly because we know how they operate—and because the fundamentals in this pocket of South Atlanta remain strong.”
Located at 3250 Dodson Drive Connector in East Point, GA, Dodson Courtyard comprises five three-story buildings totaling 61,900 square feet across 5.28 acres. The garden-style community is currently 95% occupied and features a mix of one- and two-bedroom units, along with surface parking for 90 cars, on-site laundry, a leasing office, and access to adjacent tennis and pickleball courts. Originally built in 1967 and last renovated in 2000, the property is primed for strategic reinvestment.
The sponsor plans to upgrade 40 of the 76 units with new finishes, appliances, lighting, and flooring, while completing targeted exterior improvements including roof and gutter repairs, parking lot resurfacing, landscaping, masonry restoration, and enhanced site security. Upon completion, the repositioning is expected to generate a 17.5% average mark-to-market rental uplift.
“Dodson Courtyard sits in a submarket with rising demand, minimal new supply, and strong connectivity to Atlanta’s employment base,” said Gary Bechtel, CEO of Red Oak Capital Holdings. “With limited units delivering in South Atlanta and economic indicators trending up, this investment aligns with our focus on well-located, middle-market multifamily communities that benefit from local execution and improving fundamentals.”
The loan comes at a time of renewed strength across the Atlanta MSA, where employment, household growth, and corporate expansion are fueling steady absorption and rent gains. Vacancy has declined over the past year, while just 512 units (representing 2.8% of local inventory) are slated for delivery in South Atlanta over the next 12 months.
