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Harbor Group International Secures $440M Refinance Loan For Multifamily Portfolio In Indianapolis, Florida, Dallas, Texas & Southeast

Property Image
FINANCED
$440,000,000

Indiana

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MultiFamily
Financed 06/06/2023
the dealplayerscompscontact
Property Image
FINANCED

Harbor Group International Secures $440M Refinance Loan For Multifamily Portfolio In Indianapolis, Florida, Dallas, Texas & Southeast

Indianapolis

See Similar Deals
MultiFamily
Financed 06/06/2023
the dealplayerscompscontact
Contact now

Summary

INDIANA
Asset Type:MultiFamily
Transaction Type:Loan

Harbor Group International (HGI) has secured $440 million in refinancing for its portfolio of 25 multifamily properties across the United States. The loans were arranged through KKR, Freddie Mac, and Fannie Mae, enabling HGI to mitigate risk and maximize asset value with favorable fixed-rate debt.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $440,000,000
  • Units: 5,264
  • Address: Multifamily Portfolio
  • Markets: Indianapolis, Florida, Dallas, Texas & Southeast

The lenders involved in the refinancing deal are KKR, Freddie Mac, and Fannie Mae. The landlord of the portfolio is Harbor Group International, LLC, represented by Pete Petron and Lane Shea. The brokers who played a role in the transaction are Berkadia, Capital One, and Newmark.

Players

KKR
KKR
LENDER
Fannie Mae
Fannie Mae
LENDER
Freddie Mac
Freddie Mac
LENDER
Harbor Group International
Harbor Group International
LANDLORD

Details

FINANCED
IMAGE: Lane Shea DATE: 06/06/2023 ADDRESS: Multifamily Portfolio MARKET: Indianapolis, Florida, Dallas, Texas & Southeast ASSET TYPE: Multifamily ~ UNITS: 5,264 LENDER: KKR, Freddie Mac & Fannie Mae LANDLORD: Harbor Group International, LLC - Pete Petron & Lane Shea BROKERS: Berkadia, Capital One & Newmark LOAN AMOUNT: $440,000,000 LOAN TYPE: Refinance LOAN TERMS: mid-to-long range fixed rate debt with no rate variability, while retaining some prepayment flexibility NOTE: Harbor Group International (HGI) has secured $440 million in refinancing for its portfolio of 25 multifamily properties across the United States. The loans were arranged through KKR, Freddie Mac, and Fannie Mae, enabling HGI to mitigate risk and maximize asset value with favorable fixed-rate debt.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$440,000,000.00

Monthly NOI$2,933,333.33
Monthly Debt Service$2,781,099.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00