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Analysis

Harbor Group Secures $1.6B for Multifamily Credit Fund

Capital remains abundant for multifamily despite short-term volatility.

Despite  short-term volatility in the multifamily sector, capital appears abundant on the sidelines, suggesting long-term optimism for the sector.

Harbor Group International has secured $1.6 billion in capital commitments for its multifamily credit fund, including a $585 million commitment from a wholly-owned subsidiary of the Canada Pension Plan Investment Board. HGI plans to invest in multifamily credit opportunities including senior mortgage loans, Freddie Mac K-series bonds, preferred equity and mezzanine debt investments, and investments in securitized multifamily mortgage products, it said in a statement.

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