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CBRE Capital Markets’ Debt & Structured Finance team has secured $330 million in financing for a seven-property, 2,381-unit multifamily portfolio spanning five states. The financing was arranged on behalf of a multifamily fund sponsored by Indianapolis-based Buckingham Companies. The portfolio includes properties located in Indiana, Ohio, Kentucky, Tennessee, and Georgia.
The CBRE brokerage team—comprising Shawn Rosenthal, Jason Gaccione, Tom Traynor, Tom Rugg, Jake Salkovitz, Henry Fenmore, Lauren Weinstein, and Justin Helbling—arranged the floating rate single-asset, single-borrower (SASB) loan. The loan was provided by Goldman Sachs/Atlas SP Partners on behalf of the borrower.
“The single-borrower securitized loan allowed the fund to realize some of the value created in the portfolio through accretive renovations since acquisition,” said Shawn Rosenthal. “We were gratified to be able to assist Buckingham Companies as they continue to invest in these valuable assets.”
The portfolio includes the following assets:
– Whetstone Flats I & II in Nashville, Tennessee
– Champion Farms Apartments and Woodbridge Apartments in Louisville, Kentucky
– Fieldstone at Glenwood Crossing in Cincinnati, Ohio
– Rosemont Vinings Ridge in Atlanta, Georgia
– The Village on Spring Mill in Carmel, Indiana
This strategic financing supports Buckingham’s continued commitment to enhancing and managing quality multifamily communities across the Midwest and Southeast regions.
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