Harbor Group International Closes Equity Raise for Bridge Lending Platform
Owner-operator has raised $245 million in equity, with CPP Investments as the lead investor
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NORFOLK, Va., Jan. 26, 2021 /PRNewswire/ Harbor Group International, LLC ( HGI ), a privately-owned international real estate investment and management firm, and its affiliates, today announced the completion of a $245 million equity raise for HGI s multifamily whole loan platform, which began originating and closing loans in 2020. Through the platform, HGI provides senior mortgage bridge financing on multifamily assets throughout the United States. Canada Pension Plan Investment Board ( CPP Investments ), through a wholly owned subsidiary of CPPIB Credit Investments Inc. ( CPPIB Credit ), committed $110 million of equity capital as the lead investor for the initiative.
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