Having strong relationships with lenders and knowing your market niche can make a difference in landing favorable terms, even in the current lending environment.
Harbor Group International has secured $440 million to refinance 25 multifamily properties it owns across the country, and credits these factors for its new fixed rate financing.
The loans were arranged through KKR, Freddie Mac and Fannie Mae. Freddie Mac via Berkadalia provided $44 million for eight assets totaling 915 units in its Empire Portfolio in Indianapolis. Freddie Mac via Capital One and Meridian Capital provided $73 million for a nine-asset portfolio of 1,119 units in its Florida Cardinal Portfolio. KKR provided $122 million for one asset of 908 units in its Alesio Urban Center in Dallas. And Freddie Mac via Newmark loaned $201 million for seven assets totaling 2,322 units in its Southeast Piedmont Portfolio.
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