Quinn Residences recently announced the closing of a $500 million revolving credit facility led by JPMorgan Chase Bank. This agreement includes an accordion feature, allowing Quinn to increase their borrowing capacity up to $1.5 billion.
JPMorgan Chase Bank, N.A., BMO Harris Bank N.A., and M&T Bank acted as Joint Lead Arrangers and Joint Bookrunners with JPMorgan Chase Bank, N.A serving as Administrative Agent while BMO Harris bank N/A and M&T bank also served as Syndication Agents along with Flagstar Banks’s Documentation Agent role; Royal bank of Canada, Synovus & The Nova Scotia Banking Company were also partakers in this Facility . Franklin Street Capital’s Managing Director Nate Weyer was appointed sole advisor for the transaction on behalf of Quinn Residences .
Richard Ross , Chief Executive Officer at Quinn expressed his gratitude towards investors & banks who have recognized their long-term vision for modern single-family rental business saying “We appreciate the support and thoughtfulness from our investors and bank group who recognize the long-term vision of our modern single-family rental business”.
