Sunroad Enterprises Secures $1.1 Billion Recapitalization For Multifamily Portfolio With Freddie Mac & KKR

The transaction involves a recapitalization of a 15-property multifamily portfolio totaling 3,830 units, spanning several markets including Arizona, Colorado, North Carolina, South Carolina, Nevada, and Georgia. The loan amount secured for this portfolio is $1.1 billion, arranged specifically for Sunroad Enterprises.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000,000
• Lender: Freddie Mac & KKR
• Landlord: Sunroad Enterprises
• Brokers: Aldon Cole, Roberto Casas, Tim Wright & Bharat Madan - JLL
• Units: 3,830
• Loan Type: Recapitalization
• Financing Secured: $665,000,000
• Freddie Mac Financing: $415,000,000
• KKR Financing: $250,000,000

JLL Capital Markets played a significant role in this deal by arranging the recapitalization for Sunroad Enterprises and facilitating a targeted marketing process that resulted in selecting Fairfield as a partner. The financing secured also highlights the collaboration with prominent lenders Freddie Mac and KKR, contributing to the overall structure of the transaction.