Tysons, VA, June 22, 2023 – SteeleHarbour Capital Partners is pleased to announce it has provided bridge financing in connection with the development of a premier single-family rental community located in Huntsville, AL. The 231-home community is projected to deliver in 2024 with a total development budget of approximately $57 million.
The investment represents a unique opportunity to provide a creative financing solution to a leading regional residential developer to facilitate completion of an institutional quality, mid-development project. The investment was made through SteeleHarbour’s second fund vehicle, SteeleHarbour Strategic Opportunities Fund II-A LP.
Since its founding in late 2018, SteeleHarbour has now successfully closed 18 real estate investments in 9 states and Washington, D.C., accounting for total assets under management of approximately $1.0 billion. The investments were made through the firm’s two discretionary fund vehicles.
About SteeleHarbour Capital Partners
SteeleHarbour Capital Partners is a real estate investment firm focused on middle‑market general partner equity, preferred equity and debt investments with a primary focus on multifamily and mixed-use properties in high growth markets in the Southeast and Mid‑Atlantic United States. SteeleHarbour’s strategy is centered around identifying and investing in secular and cyclical trends, acting on proprietary insights and leveraging deep industry relationships and institutional experience to execute on investment opportunities. The SteeleHarbour senior team has collectively completed approximately $9 billion of real estate investment, financing and capital market transactions over the last 25+ years. For additional information, please visit www.steeleharbour.com.