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Washington DC & Mid-Atlantic  + DC  + CRE Insider  |  June 6, 2023
Emily Fu
By: Emily Fu

Harbor Group International Lands $440M to Refi MF Properties 

Harbor Group International (HGI) has secured $440 million in refinancing for 25 multifamily properties in its portfolio across the US.  

The properties include Empire Portfolio in Indianapolis, Freddie Mac provided a $44 million loan for eight assets totaling 915 units via Berkadia; Florida Cardinal Portfolio, Freddie Mac provided a $73 million loan for a nine-asset portfolio totaling 1,119 units via Capital One and Meridian Capital; Alesio Urban Center in Dallas, KKR provided a $122 million loan for a single asset featuring 908 units; Piedmont Portfolio in Southeast, Freddie Mac provided a $201 million loan for seven assets totaling 2,322 units via Newmark.  

“HGI has found the right balance of debt to match the tailored business plans for each property, allowing the firm to maximize the value of its assets across the country,” said Pete Petron, managing director of HGI and head of asset management.  

Read More News Stories About: Berkadia, Newmark
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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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