Confidence in the real estate market begins at The BrookwoodApril 8, 2009
Construction Lender Offering Mortgage Loans at Competitive Rates
ATLANTA – While lending standards continue to tighten, many potential homebuyers are finding it difficult to borrow money to purchase a new home despite having strong credit. The Atlanta-based development team behind The Brookwood however, is offering potential buyers a solution with access to mortgage loans at competitive rates from a variety of lenders.
The Brookwood’s construction lender, Corus Bank is offering primary home buyers the option to select 30-year fixed or 5/1 ARM jumbo loans with interest rates beginning at 5 percent and 4.75 percent, respectively. Corus Bank is a wholly-owned subsidiary of Corus Bankshares, Inc. (NASDAQ: CORS). As of December 31, 2008, Corus Bankshares had $8.4 billion in total assets.
“We are confident not only that now is a great time to buy, but also that The Brookwood is a very special place to make a housing investment,” said Mark Riley, founder of Urban Realty Partners, co-developer of The Brookwood. “The only way we can continue to build confidence in the marketplace and our product offering is by providing consumers with access to funds directly, and we’re proud we can do so through our partnership with Corus and other banks.”
Opening in May, The Brookwood is a mixed-use condominium community in the heart of the residential Brookwood neighborhood, one block south of Piedmont Hospital in South Buckhead. Featuring 219 two- and three-bedroom homes and 20,000 square feet of street-level restaurant and retail space, The Brookwood offers residents a walkable, environmentally-friendly lifestyle just minutes from Atlanta’s business and cultural centers. A spacious, elevated Garden Terrace and adjacent clubhouse are among the amenities offered to create a superior living experience in an urban environment.
The Brookwood also is offering early buyers an opportunity to take advantage of special purchase prices starting at $267,000 for a limited time through the Founder’s Club program. Early buyers will receive the deepest discounts in this program, which is limited to the first 50 homes sold.
For more information about The Brookwood, visit www.thebrookwood.net or call 404.874.7888. Sales are managed by Mike Riley and Judie Mattie of Atlanta Fine Homes Sotheby’s International Realty.
On site sales office hours are Monday-Friday 10 a.m. – 5 p.m.; Saturday 11 a.m. – 5 p.m.; Sunday 1 p.m. – 5 p.m.