JLL arranges $463M Barings bridge for Thompson Thrift rentals
Six of the eight properties are in Florida, and the proceeds retired construction loans on all eight, Connect CRE reported.
At a glance
JLL Capital Markets arranged $463 million in floating-rate bridge financing for Thompson Thrift's eight-property multifamily portfolio, with Barings providing the construction take-out loan, according to Connect CRE.
The proceeds retired existing construction loans on all eight properties, which were delivered on a phased basis across 2025 and 2026, according to Connect CRE.
The deal is a larger Barings commitment than the $150 million industrial outdoor storage financing that JLL arranged for the same lender on Oct. 1, according to Connect CRE.
JLL Capital Markets arranged $463 million in floating-rate bridge financing for Thompson Thrift's eight-property multifamily portfolio, with Barings providing the construction take-out loan, according to Connect CRE.
The proceeds retired existing construction loans on all eight properties, which were delivered on a phased basis across 2025 and 2026, according to Connect CRE. Six of the eight are in Florida. Daniel Hedgepeth led the financing, and JLL's borrower-side debt advisory team was Danny Kaufman, Medina Spiodic, Mark Gibson and Matthew Lawton.
The deal is a larger Barings commitment than the $150 million industrial outdoor storage financing that JLL arranged for the same lender on Oct. 1, according to Connect CRE.
Thompson Thrift raised its ninth multifamily fund in September, targeting $200 million to $230 million for six identified projects in five states.
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