Fund NAV Loan
Southeast, US
1,990 Multifamily Units
Realized
In November 2024, GreenBarn originated a $55 million fund-level NAV loan to a real estate fund that owned interests in a diversified portfolio of 14 assets, including seven stabilized multifamily properties totaling approximately 1,990 units located primarily throughout the Southeastern U.S. The loan was structured primarily to fund the completion of a 277-unit multifamily development in Atlanta, Georgia. Following the completion of the development and a broader recapitalization of the portfolio, GreenBarn was repaid in full in July 2026, generating a 28.4% gross IRR to investors.