Investcorp Secures $323.6M Financing For 2,228 Multifamily Units In Sun Belt Regions | 100 Chase Common Drive & 501 Northridge Road; 19002 Dallas Parkway; 17425 North 19th Avenue & 15202 North 40th Street | Freddie Mac | Adam Spengler, Thomas (Tom) Traynor, James Millon, Ryan Greer | MultiFamily | Loan

Summary

Loan

GEORGIA

MultiFamily

Investcorp has closed a $323.6 million financing deal, named "Project Smile," for five multifamily communities located in the Sun Belt region. The transaction includes fixed senior loans from Freddie Mac and preferred equity from Basis Investment Group. These funds are being used to capitalize 2,228 units across garden-style communities in Phoenix, Dallas, and Atlanta.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $323,600,000
Units: 2,228
Locations: Norcross & Atlanta, GA; Dallas, TX; & Phoenix, AZ

The lender in this deal is Freddie Mac, providing fixed senior loans. The landlord involved is Investcorp. The brokers who facilitated this transaction are James Millon, Tom Traynor, Adam Spengler & Ryan Greer from CBRE.

Players

All
6

Agents
4
Agencies
1
Lenders
1

$1.3B Sold

$1.6B Sold

LP - Executive Vice President

$91.1M Sold

CBRE

Freddie Mac

Details

Deal Summary

FINANCED

IMAGE: James Millon, Tom Traynor, Adam Spengler & Ryan Greer DATE: 06/30/2023 ADDRESS: 100 Chase Common Drive & 501 Northridge Road; 19002 Dallas Pkwy; 17425 N 19th Ave & 15202 N 40th St MARKET: Norcross & Atlanta, GA; Dallas, TX; & Phoenix, AZ ASSET TYPE: Multifamily ~ UNITS: 2,228 LENDER: Freddie Mac LANDLORD: Investcorp BROKERS: James Millon, Tom Traynor, Adam Spengler & Ryan Greer - CBRE LOAN AMOUNT: $324,000,000 NOTE: Investcorp has successfully closed a $323.6 million financing deal, named "Project Smile," for five communities in the Sun Belt region. The transaction includes fixed senior loans from Freddie Mac and preferred equity from Basis Investment Group, securing the capitalization for 2,228 units across garden-style communities in Phoenix, Dallas, and Atlanta.

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Address100 Chase Common Drive & 501 Northridge Road; 19002 Dallas Parkway; 17425 North 19th Avenue & 15202 North 40th Street

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