Harbor Group International Closes First CRE CLO
Offering backed by bridge loans on multifamily assets across the U.S.
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NORFOLK, Va., May 19, 2021 /PRNewswire/ Harbor Group International, LLC ( HGI ), a privately owned international real estate investment and management firm, today announced the close of its first CRE CLO, HGI 2021-FL1 ( the CLO ), with an aggregate deal balance of approximately $558 million. The offering is comprised exclusively of bridge loans on multifamily assets across the United States. The close of our initial CLO marks a significant progression for Harbor Group International as we grow our debt and alternatives investment platform and adapt our business to meet changing market needs, said Richard Litton, President, HGI. We intend to continue to leverage our deep multifamily expertise to be a CLO manager and bridge lender on a long-term basis.