Latest news with #BillyHerbert
Yahoo
02-06-2025
- Business
- Yahoo
FCP CLOSES $13.25 MILLION IN PREFERRED EQUITY FOR 333-UNIT MULTIFAMILY DEVELOPMENT IN POOLER, GA
CHEVY CHASE, Md., June 2, 2025 /PRNewswire/ -- FCP® has closed on a $13.25 million preferred equity investment through its Structured Investments platform to finance Mosaic Pooler, a 333-unit, Class A multifamily development on Old Quacco Road in the dynamic Savannah submarket of Pooler, GA. Mosaic Pooler is being developed by Bayline Development (Bayline). "FCP is excited to invest in Mosaic Pooler, a high-quality multifamily development in one of the top Southeast submarkets," said FCP Senior Vice President Alex Cathcart. "This investment broadens FCP's presence in Georgia, capitalizing on the strength of the strongest submarket for suburban development in the Savannah MSA." Billy Herbert, a leader on FCP's development team, added, "We look forward to investing alongside Bayline Development, who has ownership experience in this submarket, and leading construction lender, Bank OZK. This development will provide much-needed market-rate housing in the heart of the Mosaic Town Center, a mixed-use, master planned community with abundant walkable amenities and commuter connectivity." FCP and Bayline extend their appreciation to Scott Wadler and Jake Adoni of Berkadia Florida for arranging this transaction. About FCPFCP® is a privately held real estate investment company that has invested in or financed more than $14.6 billion in gross asset value since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and structured investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit About Bank OZKBank OZK (Nasdaq: OZK), through its Real Estate Specialties Group (RESG), provides financing on commercial real estate projects throughout the nation. RESG is considered a preeminent, market-leading construction lender focused on senior secured financing for a variety of property types including mixed use, multifamily housing, condominiums, office, hospitality, life sciences, industrial and retail. For the five years ended March 31, 2025, RESG originated approximately $40.42 billion in new loans. For more information, visit Media Contact: Karen Widmayer KW Communications, LLC karenwidmayerpr@ 301-661-1448 View original content to download multimedia: SOURCE FCP
Yahoo
06-02-2025
- Business
- Yahoo
FCP CLOSES $16.7 MILLION IN PREFERRED EQUITY FOR 320-UNIT MULTIFAMILY DEVELOPMENT IN ORLANDO'S HIGH-GROWTH LAKE NONA SUBMARKET
CHEVY CHASE, Md., Feb. 6, 2025 /PRNewswire/ -- FCP® has closed on a $16.7 million preferred equity investment through its Structured Investments platform to finance Royal Palm at Nona, a 320-unit, Class A multifamily development adjacent to Lake Nona in Orlando, FL. The project, located at 14630 New Creek Avenue, is being developed by Royal Palm Companies, a leading institutional-quality sponsor with a track record of delivering best-in-class residential communities. "FCP is actively deploying capital to support high-quality developments in growth-oriented markets and Lake Nona is a prime example of the type of submarket where we see long-term opportunity," said Bruce Gago, who leads FCP's Florida office. "This transaction underscores our ability to provide flexible, strategic capital to experienced sponsors like Royal Palm Companies, who are developing in-demand housing in supply-constrained markets." Billy Herbert, a leader on FCP's development team, added, "Royal Palm at Nona will deliver a highly amenitized, modern residential community in one of Orlando's most dynamic submarkets. With proximity to the Central Florida Greenway, Florida's Turnpike, and Orlando International Airport, the project will benefit from sustained demand fueled by the area's booming health and life sciences industry, anchored by the renowned Medical City master-planned district." "With Royal Palm at Nona, we are setting a new standard for luxury living in one of Orlando's most dynamic and innovative communities," said Dan Kodsi, CEO of Royal Palm Companies. Kodsi continued, "This project represents our commitment to creating high-quality, thoughtfully designed spaces that elevate the lifestyle of our residents while fostering community growth and enhancing the surrounding area. By integrating modern design with sustainable and luxurious amenities, we aim to deliver an exceptional living experience that benefits our residents, partners, and the Lake Nona region as a whole. This development will set a new benchmark for elevated living in the Orlando area." FCP and Royal Palm Companies extend their appreciation to Patrick Dufour and Scott Ramey of Newmark Florida for arranging this transaction. About FCPFCP® is a privately held real estate investment company that has invested in or financed more than $13.1 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit About Royal Palm CompaniesRoyal Palm Companies (RPC) is a leading real estate development firm with more than 40 years of experience delivering transformative projects that redefine suburban and urban living. Established in the 1970s, RPC has developed an impressive portfolio of more than 9,500 units across mixed-use developments, multifamily residences, and luxury hospitality projects, with a combined asset value exceeding $4.7 billion. Under Daniel Kodsi's leadership, RPC has earned a reputation for innovation, quality, and sustainability. Leveraging a global network of investors from more than 50 countries, RPC continues to set new benchmarks in real estate development. For information about their latest investment opportunities, visit Media Contact: Karen WidmayerKW Communications, LLC karenwidmayerpr@ View original content to download multimedia: SOURCE FCP Sign in to access your portfolio
