Affiliates of Harbor Group International, in partnership with The Garrett Cos., a multifamily development, construction and management firm, and Telis Group, have refinanced senior construction debt across an eight-property multifamily portfolio totaling 1,573 units. The refinancing was completed through a $351 million loan facility originated by ACRE.
The eight properties are part of a broader 11-asset multifamily portfolio recapitalized by HGI, The Garrett Cos. and Telis Group in January 2025. The refinanced portfolio includes five properties across the Denver and Colorado Springs MSAs and one asset each in the Phoenix, Indianapolis and Minneapolis metropolitan areas. The communities were developed between 2024 and 2026.
“This transaction reflects HGI’s ability to execute complex financing solutions across geographically diverse markets with distinct operating and demand characteristics,” said Yisroel Berg, CIO, multifamily at HGI. “We are pleased to continue
