FCP® has closed on a $13.25 million preferred equity investment through its Structured Investments platform to finance Mosaic Pooler, a 333-unit, Class A multifamily development on Old Quacco Road in the dynamic Savannah submarket of Pooler, GA. Mosaic Pooler is being developed by Bayline Development (Bayline).

"FCP is excited to invest in Mosaic Pooler, a high-quality multifamily development in one of the top Southeast submarkets," said FCP Senior Vice President Alex Cathcart. "This investment broadens FCP's presence in Georgia, capitalizing on the strength of the strongest submarket for suburban development in the Savannah MSA."

Billy Herbert, a leader on FCP's development team, added, "We look forward to investing alongside Bayline Development, who has ownership experience in this submarket, and leading construction lender, Bank OZK. This development will provide much-needed market-rate housing in the heart of the Mosaic Town Center, a mixed-use, master planned community with abundant walkable amenities and commuter connectivity."

FCP and Bayline extend their appreciation to Scott Wadler and Jake Adoni of Berkadia Florida for arranging this transaction.