Berkadia Secures $23.3M in Financing for Affordable Housing in Atlanta, Georgia
Atlanta, Georgia – January 8, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the financing of Trinity Central Flats, a transformative 218-unit, 10-story multifamily property in the heart of Atlanta, Georgia. Spearheaded by Managing Director Carolyn Whatley and Director Angela Folkers of Berkadia FHA/HUD, the $23.3 million financing on behalf of Radiant Development Partners (RDP) and EQH Trinity Flats, LLC (EQH) is an important step in reshaping the downtown landscape.
The 40 year, fully amortizing, non-recourse loan closed on December 18, 2025. This landmark mixed-income development exemplifies the power of public-private partnerships, leveraging federal and state low-income housing tax credits, tax-exempt bonds, and municipal support to bring affordable housing to Downtown Atlanta. Sharon D. Guest, Founder and Principal of RDP leaned into her nearly 30 years of experience and relationships in the affordable housing space assembling a team of professionals committed to taking Trinity Central Flats from a vision to reality. Also critical to the path to closing are the commitments to delivering rental housing by the City of Atlanta and HUD’s Southeast multifamily housing team who once again provided exemplary customer service.
Strategically located across from City Hall in Downtown Atlanta, Trinity Central Flats will offer a vibrant mix of studio, one-bedroom, two-bedroom, and three-bedroom units, along with 6,721 square feet of ground floor commercial space. The property will provide new conveniently located affordable housing for residents with incomes at or below 50%, 60%, and 80% of Area Median Income. The property offers convenient access to amenities, employment, services, all within walking distance of the regional hospital and essential shopping.
“We’re thrilled to celebrate the financial closing of Trinity Central Flats—a dynamic, mixed-use affordable housing community,” said Sharon D. Guest, Founder & Principal of Radiant Development Partners in Atlanta, Georgia. “With Berkadia serving as our lending partner, this $88.7 million project—powered by an innovative capital stack from eight funding sources—shows how strong public-private partnerships can spark transformative change and deliver high-quality, affordable homes for families.”
“Common with complex affordable housing transactions, Ms. Guest encountered multiple twists and turns in the process of closing this transaction. Her ability to quickly pivot and tap additional relationships and resources for solutions was both impressive and inspiring. I am excited for the future of Radiant Development Partners with Sharon D. Guest at the helm,” said Whatley.
Berkadia Secures $23.3M in Financing for Trinity Central Flats in Atlanta | Yield Pro
Berkadia Secures $23.3M in Financing for Trinity Central Flats in Atlanta | Newsbreak