Berkadia, a distinguished leader in the commercial real estate sector, announces that it has arranged a $37.17 million loan to refinance Pointe Grand Macon, a new 276-unit Class A multifamily community located in Macon, Georgia.
Senior Managing Director Mitch Sinberg of Berkadia Boca Raton and Associate Director Wesley Moczul of Berkadia Orlando along with Brad Williamson, Scott Wadler, and Matthew Robbins secured the financing on behalf of Hillpointe, a real estate investment firm based in Winter Park, Florida.
Hillpointe, one of the nation’s leading multifamily developers and builders, is a fully integrated real estate development and investment management firm focused on the development of market-rate, attainable multifamily housing across the United States Sun Belt. Hillpointe’s team of professionals has decades of collective experience in developing, constructing, financing, and managing multifamily assets.
“Pointe Grand Macon recently stabilized, and this refinance replaces a higher-priced bridge loan that Berkadia put on after construction,” explained Moczul. “The new debt significantly frees up cash flow and gives Hillpointe maximum backend flexibility to sell when desired or hold long-term. This is a great example of Berkadia’s full suite of offerings going full-circle from a cash-out balance sheet bridge loan at certificate of occupancy, to a permanent agency take-out loan upon stabilization.”
Built in 2023 at 5530 Riverside Drive, Pointe Grand Macon offers two-bedroom, two-bath apartments. Amenities include stainless steel appliances, high-speed internet, wood-style flooring, quartz countertops, and washer and dryers. The pet-friendly community features EV charging stations, 24-hour fitness center, conference room, community fire pit, and a resort-style swimming pool.
The property is situated near multiple employment, educational, and cultural centers within Macon. A short drive from Interstate 75, the community is minutes away from Mercer University and Middle Georgia State University, two of the largest employers in the area.
