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10500 Callaway Dr

FINANCEDMultiFamily

Brook Farm Group Secures $73 Million Refinance From Prime Finance For 388-Unit Multifamily Community

10500 Callaway Dr

$73,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 3, 2026

AI

The Sinclair at Callaway Farm is a 388-unit Class A multifamily community located at 10500 Callaway Drive, Covington, Georgia, encompassing 38 acres. The asset is part of a refinancing transaction amounting to $73 million, aimed at replacing the original construction loan and preferred equity financing.

Summary of transaction details:

This refinancing secured by Brook Farm Group reflects strong leasing performance and lender confidence as the developer increases its Southeast multifamily pipeline. The transaction was finalized following the property’s completion in Q2 2025.

Players

Shawn Rosenthal

CBRE

Broker

$2.1B

vol

18 deals

Broker
John Atwater

John Atwater

Prime Finance

Lender

$320.5M

vol

5 deals

Lender
Eric Hade

Eric Hade

Brook Farm Group

Landlord

$73M

vol

1 deal

Landlord

Callaway MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93