Santa Fe is a 145 unit, class B apartment property located in Las Vegas, Nevada. Originally built in 1988, the property features a mix of one and two bedroom units, across four different floor plans. The Fannie Mae loan arranged by Tower Capital will allow the borrower to complete an exterior facelift to the asset, as well as update the interior of the units, allowing them to increase rents, NOI, and value.

Tower’s client is an experienced, Southern California-based, private investor with a portfolio consisting of approximately 5,000 multifamily units throughout the southwestern US.