Last week, Pensam closed a preferred equity investment to support the continuing, successful, value-add program at Stonebrook Apartments in North Carolina.

This preferred investment, structured behind a Freddie Mac senior loan, underscores Pensam’s continued focus on providing customized capital solutions that help sponsors strengthen and grow their multifamily portfolios.

“With Stonebrook Apartments, we were able to deliver a tailored capital solution that enabled the sponsor to continue their capital improvements projects and support continued growth at the property,” said Ray Cleeman, Partner, Head of Capital Markets and Lending at Pensam.