CBRE Capital Markets’ Debt & Structured Finance team has secured $68 million in construction financing and preferred equity investment for the development of The Sinclair at Callaway Farm, a 388-unit luxury multifamily community located in the Atlanta suburb of Covington. First Horizon Bank provided construction financing with Trustmark Bank as a participant while SilverCap Partners made a preferred equity investment.
The project is set to begin construction within the next few months and will feature distinct “Town” and “Country” neighborhoods, 11 residential buildings, clubhouse, resort style pool, fitness center and co-working space adjacent to Covington Town Center mixed-use development.
Shawn Rosenthal, Jason Gaccione and Jake Salkovitz from CBRE’s New York based Debt & Structured Finance team facilitated the transaction on behalf of Brook Farm Group who are co-developing The Sinclair at Callaway Farm with Emory Equity.
