ARC Multifamily Lands $67M Refi for Georgia Community; financing includes a senior loan paired with preferred equity via Pensam

2/7/2025

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MHN

• Subcategory: Capital Markets: Debt, Capital Markets: Equity, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Agency Loan, Capital Markets: Debt-Refinance, Capital Markets: Debt-Senior Loan, Capital Markets: Preferred Equity, MF: Garden

• Company: ARC Multifamily Group, CBRE Group (NYSE: CBRE), Fannie Mae

ARC Multifamily Group has obtained a $58 million senior loan and $9 million in preferred equity investment for the refinancing of The Blakely, a 420-unit community in Pendergrass, Ga., an Athens submarket.

CBRE represented the borrower in the deals. Fannie Mae provided the five-year, fixed rate note, while Pensam Capital was the preferred equity investor.

Previous financing for the property included a $62.4 million bridge acquisition loan originated in November 2022 by Jackson National Life Insurance Co., according to Yardi Matrix information. ARC Multifamily purchased the asset from a private investor.