At a glance
- Daniel Hedgepeth led the financing, and JLL's borrower-side debt advisory team was Danny Kaufman, Medina Spiodic, Mark Gibson and Matthew Lawton.
- The deal is a larger Barings commitment than the $150 million industrial outdoor storage financing that JLL arranged for the same lender on Oct. 1, according to Connect CRE.
- Thompson Thrift raised its ninth multifamily fund in September, targeting $200 million to $230 million for six identified projects in five states.
JLL Capital Markets arranged $463 million in floating-rate bridge financing for Thompson Thrift's eight-property multifamily portfolio, with Barings providing the construction take-out loan, according to Connect CRE.
The proceeds retired existing construction loans on all eight properties, which were delivered on a phased basis across 2025 and 2026, according to Connect CRE. Six of the eight are in Florida. Daniel Hedgepeth led the financing, and JLL's borrower-side debt advisory team was Danny Kaufman, Medina Spiodic, Mark Gibson and Matthew Lawton.
The deal is a larger Barings commitment than the $150 million industrial outdoor storage financing that JLL arranged for the same lender on Oct. 1, according to Connect CRE.
Thompson Thrift raised its ninth multifamily fund in September, targeting $200 million to $230 million for six identified projects in five states.
Reported by the Real estate debt desk from Connect CRE and IREI. Published . Updated Oct 27, 2026 · 10:24 a.m. ET. Corrections