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Bank OZK Provides $61 Million Construction Loan For 333-Unit Multifamily Asset In Pooler, GA

Property Image
FINANCED
$61,000,000
Brad Williamson
Mitch Sinberg
+ 5

Georgia

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MultiFamily
Financed 06/02/2025
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Property Image
FINANCED

Bank OZK Provides $61 Million Construction Loan For 333-Unit Multifamily Asset In Pooler, GA

Old Quacco Road

See Similar Deals
MultiFamily
Financed 06/02/2025
Brad Williamson
Mitch Sinberg
+ 5
Contact now

Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

The property involved is a multifamily asset located at 800 High Avenue in Pooler, GA, comprising 333 units. This asset is part of a loan transaction amounting to $61,000,000, which is designated for construction purposes.

Summary of transaction details:

The deal involved key individuals including George Gleason representing Bank OZK as the lender, while Berkadia acted as the brokerage firm facilitating the transaction. The brokers who played significant roles include Scott Wadler, Bryan Brown, Mitch Sinberg, Brad Williamson, Matthew Robbins, Robert Falese, and Jake Adoni, all of whom contributed to the execution of the financing agreement for the multifamily development.

Players

Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
131 deals$8.3B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
113 deals$6.8B volume
BROKER

Bryan Brown
Berkadia
7 deals$426M volume
BROKER

Scott Wadler
Berkadia
160 deals$9.8B volume
BROKER

Robert (Bob) Falese
Berkadia
4 deals$230.3M volume(215) 328-1321
BROKER

Jake Adoni
Berkadia
3 deals$165.6M volume(215) 328-1324
BROKER

Berkadia
BROKERAGE

George Gleason
Bank OZK
3 deals$72.2M volume
LENDER

Bank OZK
LENDER

Details

FINANCED
IMAGE: Mitch Sinberg, Bryan Brown, Brad Williamson, Robert Falese, Scott Wadler, Jake Adoni & Matthew Robbins DATE: 6/2/2025 ADDRESS: 800 High Avenue MARKET: Pooler, GA ASSET TYPE: Multifamily ~ UNITS: 333 LENDER: George Gleason - Bank OZK (@BankOZK) BROKERS: Scott Wadler (@SWadler1), Bryan Brown, Mitch Sinberg (@MitchSinberg), Brad Williamson, Matthew Robbins, Robert Falese & Jake Adoni - Berkadia (@Berkadia) LOAN AMOUNT: $61,000,000 LOAN TYPE: Construction LOAN TERMS: Debt & Equity: Bank OZK provided $47.5 million three-year, floating-rate loan. FCP provided $13.25 million in preferred equity.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$61,000,000.00

Monthly NOI$406,666.67
Monthly Debt Service$385,561.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00