POOLER, GA. — Berkadia has arranged approximately $60.8 million in construction financing for Bayline Group’s Mosaic Pooler project. The 333-unit community will open by approximately May 2026. Located in Mosaic Town Center, a 170-acre, mixed-use development about 10 miles west of Savannah, Georgia, the community will provide a mix of one-, two-, and three-bedroom units. An affiliate of Bayline Group acquired the 12-acre site at 800 High Ave. in 2023.
Bank OZK provided a $47.5 million three-year, floating-rate loan. Berkadia also lined up $13.3 million in preferred equity through FCP. Senior Managing Director Mitch Sinberg of Berkadia Boca Raton, Managing Director Scott Wadler of Berkadia Miami and Director Bryan Brown of Berkadia Tampa, along with Senior Managing Director Robert Falese and Director Jake Adoni of Berkadia Philadelphia, arranged the financing on behalf of Bayline Group.
In addition to the traditional apartment units, Mosaic Pooler also will offer three-story carriage houses with garages. Amenities include a fitness center with yoga room, game room and resident lounge, coworking spaces, a dog park and pet spa, a package locker system, electric-vehicle charging stations and a resort-style pool with a large outdoor patio, cabanas and grill stations.