Buckingham Lands $330M Loan for Apartments in Midwest, Southeast

Buckingham Lands $330M Loan for Apartments in Midwest, Southeast
News| July 23, 2025| Paul Bubny
Apartment Buildings

CBRE Capital Markets’ Debt & Structured Finance team secured a $330-million financing for a seven-property, 2,381-unit multifamily portfolio in five states on behalf of a multifamily fund sponsored by Indianapolis-based Buckingham Companies. The portfolio includes assets in Indiana, Ohio, Kentucky, Tennessee and Georgia.

The CBRE Debt & Structured Finance team of Shawn Rosenthal, Jason Gaccione, Tom Traynor, Tom Rugg, Jake Salkovitz, Henry Fenmore Lauren Weinstein and Justin Helbling facilitated the floating rate SASB loan from Goldman Sachs/Atlas SP Partners on behalf of the borrower.

“The single-borrower securitized loan allowed the fund to realize some of the value created in the portfolio through accretive renovations since acquisition,” said Rosenthal. “We were gratified to be able to assist Buckingham Cos. as they continue to invest in these valuable assets.”

The portfolio includes Whetstone Flats I & II in Nashville; Champion Farms Apartments and Woodbridge Apartments in Louisville; Fieldstone at Glenwood Crossing in Cincinnati; Rosemont Vinings Ridge in Atlanta; and The Village on Spring Mill in Carmel, IN.

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up