Investcorp Secures $323.6M Financing For 2,228 Multifamily Units In Sun Belt Regions

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.