Mandrake Secures $35M for Savannah-Area BTR Property
Apollo’s Bridge Investment Group issued the refinancing note.
Mandrake Capital Partners has obtained a $34.5 million refinancing loan for Easthaven Townhomes, a 143-unit build-to-rent property in Pooler, Ga. JLL Capital Markets arranged the note issued by Bridge Investment Group, an Apollo platform company.
The first units came online in 2024, with the townhome community reaching full completion in March 2025. Homes feature three-bedroom layouts averaging 1,478 square feet.
Located at 101 Petworth Place, Easthaven Townhomes is roughly 15 miles southwest of downtown Savannah, Ga. The market is home to the fourth-largest U.S. port, fueling a burgeoning employment sector, which already includes Gulfstream and Hyundai—a manufacturer soon to deliver a $7.6 billion EV production plant.
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JLL Capital Markets Managing Director Michael Zaremski and Director Clayton Ross led the team that arranged the financing.
Savannah’s housing demand generators have attracted BTR development, with more than 1,000 rental homes underway in the market as of June, according to Yardi Matrix data. The data provider expects 693 BTR units to debut across the metro in 2026.
Another property dubbed Wren’s Hollow outlines Mandrake’s Savannah BTR conviction. Construction began on the 215-home community’s amenity package in Pooler last November, and the clubhouse was nearly completed as of early June.
Mandrake developed, or was actively developing, 25 BTR properties totaling approximately 4,900 homes as of January 2026. These communities are spread throughout high-growth markets across the Mid-Atlantic and Sun Belt regions.
Bridge’s latest BTR capital deployment
Bridge Investment Group, a company that Apollo acquired for $1.5 billion in early 2025, raised nearly $2.2 billion for its fifth debt fund last October. The vehicle originates first mortgage direct loans, issues CRE CLO and CMBS notes, and purchases Freddie Mac K-Series B-Pieces.
Some of the company’s latest BTR deployed capital includes $28.5 million issued for The Cleveland, a 100-unit property in Goodyear, Ariz., owned by Porter Kyle and Cowley Cos. Another $24 million were originated for the 108-unit Zora University in Charlotte, N.C., a BTR community owned by Suncrest Real Estate & Land and Pintar Investment Co., Yardi Matrix shows.
