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 Ph 1
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 Denton Ph 2
307 Units (under construction)
Total Project Cost: $67.5MM
Equity: $6.5MM
HUD 221d4 with PFC
The Mark at Arlington Ph 1
317 units (completed 2024)
Total Project Cost: $62MM
Equity: $15MM
Refinance with HUD 2025
The Mark at Arlington Ph 2
332 units (in design)
Total Project Cost: ~$73MM
Equity: ~$9.5MM
HUD 221d4