
CBRE Secures $68M for The Sinclair at Callaway Farm
CBRE Capital Markets’ Debt & Structured Finance team has secured $68 million in construction financing and preferred equity investment for the development of The Sinclair at Callaway Farm, a 388-unit, luxury multifamily community in the Atlanta suburb of Covington.
CBRE originated the financing on behalf of the Brook Farm Group, who is co-developing the Property with Emory Equity. Construction financing was provided by First Horizon Bank with Trustmark Bank as a participant in the loan, while SilverCap Partners made a preferred equity investment in the project. The Project is scheduled to begin construction in the next few months.
CBRE’s New York based Debt & Structured Finance team of Shawn Rosenthal, Jason Gaccione and Jake Salkovitz facilitated the financing on behalf of the borrower.
The development will have distinct “Town” and “Country” neighborhoods, 11 residential buildings, clubhouse, resort style pool, fitness center and co-working space adjacent toCovington Town Center mixed-use development.
- ◦Development
- ◦Financing