Mystery Partner Saves the Day

Ameris Bank

Just before Ameris Bank was scheduled to foreclose on the their loan to Tivoli Properties for the one-acre parcel off 13th St, an unknown equity partner stepped in and saved the parcel from a forced sale on the courthouse steps. The unknown partner is said to have paid upwards of $6 million dollars to save the property, located near Piedmont Park. A Tivoli rep stated that they plan to move forward this coming spring with an 252 unit apartment project on the site.

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