Harbor Group International (HGI) has secured $440 million in refinancing for 25 multifamily properties across the US. The portfolio includes Empire Portfolio in Indianapolis, Florida Cardinal Portfolio, Alesio Urban Center in Dallas and Piedmont Portfolio in Southeast. Freddie Mac provided a $44 million loan for eight assets totaling 915 units via Berkadia; a $73 million loan for nine-asset portfolio totaling 1,119 units via Capital One and Meridian Capital; and a $201 million loan for seven assets totaling 2,322 units via Newmark respectively. KKR provided a single asset featuring 908 unit with an amount of 122 Million dollars as well.
Pete Petron, managing director of HGI and head of asset management commented: “HGI has found the right balance of debt to match the tailored business plans for each property which allows them to maximize value from their investments across the country”.
