Seyfarth Represents The Atlantic Companies in $57.5 Million Multifamily Recapitalization

July 31, 2026 - Seyfarth Shaw LLP represented The Atlantic Companies, LLC (TAC) in a multifaceted recapitalization of Laurel at Dry Creek, a 343-unit Class A multifamily community in Huntsville, AL, involving $12 million in new preferred equity and a $45.5 million bridge loan refinancing.

The complex transaction included a $12 million preferred equity investment from Alterrain Partners, achieved through the redemption of existing membership interests, as well as the refinancing of an existing mortgage loan with a new $45.5 million bridge loan from Lument.

The recapitalization proceeds are being used to retire the property's existing debt and preferred equity financing established as part of the project’s original development capitalization in 2021.

Seyfarth partners Lili Martin-Mashburn and Matthew Peurach handled the joint venture and preferred equity piece. Partner Justin Barry and associate Asher Kitchings handled the loan and real estate elements.

"This recapitalization positions Laurel at Dry Creek for its next phase of growth while aligning the project with a strong group of financing partners," said Peurach. "We are excited to help The Atlantic Companies achieve its strategic goals by navigating a sophisticated transaction."

Laurel at Dry Creek offers traditional apartment units, carriage-style residences, and townhomes. The property serves the growing Huntsville market.

The Atlantic Companies is a real estate investment and development firm that integrates acquisition, development, leasing, marketing, and management.

About Seyfarth: With more than 1,000 lawyers across 19 offices, Seyfarth Shaw LLP provides advisory, litigation, and transactional legal services to clients worldwide. The firm is recognized for its innovative approach, advancing the standard of legal service delivery in an evolving global marketplace.

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