Sponsors funding Sponsors.
CPG Capital is built on the knowledge and experience gained over nearly a decade of multifamily development. CPG truly understands the many challenges sponsors may encounter throughout the development process because CPG has experienced those same challenges firsthand. That unique perspective allows CPG Capital to serve as “smart capital” for other sponsors, approaching issues with practicality, flexibility, and a solution-oriented, team mentality. CPG Capital is willing and able to leverage its development experience to help its sponsors wherever needed, whether that’s shoring up HUD experience on loan applications, negotiating agreements, working through various construction issues, or introductions to key relationships (MAP lenders, general contractors, design specialists, owner representatives, management companies). We’re here to serve as true partners to our sponsors, building long-lasting relationships with each one.
CPG Development Experience
The Mark on Solon
112 units (completed 2018)
Total Project Cost: $12MM
Equity: $2.2MM (45% IRR)
Refinanced with HUD in 2021
The Mark at Midlothian
236 units (completed 2020)
Total Project Cost: $27MM
Equity: $5.2MM (56% IRR)
Refinanced with HUD in 2021
The Mark on Conquest I
140 units (completed 2020)
Total Project Cost: $18MM
Equity: $3.5MM (54% IRR)
Refinanced with HUD in 2021
The Mark on Conquest II
188 units (completed 2022)
Total Project Cost: $28MM
Equity: $7.25MM (43% IRR)
Refinanced with HUD in 2023
The Mark at Weatherford
355 units (completed 2022)
Total Project Cost: $48MM
Equity: $11MM (32% IRR; 2.38x)
Sold in 2023 for $70MM
The Mark at Denton
316 Units (completed 2022)
Total Project Cost: $43.5MM
Equity: $10.3MM (39% IRR; 2.74x)
Sold in 2023 for $71.1MM
The Mark at Arlington
317 units (will complete 2024)
Total Project Cost: $62MM
Equity: $15MM
Will refinance with HUD