Berkadia has secured $61 million in debt and equity financing from Bank OZK and FCP for Bayline Group's Mosaic Pooler development, a new Class A apartment community in Pooler, Georgia, set to include 333 apartments upon completion in May 2027.

Target Information

Berkadia has successfully orchestrated debt and equity financing for a new Class A garden-style apartment community called Mosaic Pooler. This development, initiated by Bayline Group, will be situated in the vibrant Mosaic Town Center, a 170-acre mixed-use area in Pooler, Georgia, just outside downtown Savannah. Upon completion, scheduled for May 2027, the community will comprise a total of 333 apartments, offering a diverse range of one-, two-, and three-bedroom units, with a generous average size of nearly 1,000 square feet.

The site for Mosaic Pooler spans 12 acres and was acquired in 2023. Its strategic location approximately one mile from Interstate 16 and 14 miles from downtown Savannah ensures accessibility to essential employment hubs, contributing to the strong demand for housing. The project will also feature unique design elements, including three-story Carriage Houses with ground-floor garages.

Industry Overview

The multifamily housing market in Savannah, Georgia, is experiencing significant growth, driven by a surge in demand for affordable workforce housing. As more residents are drawn to the area due to employment opportunities, primarily from industries such