Financing Amount:
$1,621,000
Purpose:
Acquisition
Location:
PHOENIX, AZ
Capital Source:
Bank
Transaction Details:

Tower Capital recently financed the acquisition of a 12-unit multifamily property located in Phoenix, Arizona. The property is comprised of five 1 Bed / 1 Bath, six 2 Bed / 1 Bath and one 3 Bed / 1 Bath units.  The borrower is an experienced, local, multifamily investor who plans to hold the asset long term.

The 10-year acquisition loan provided the borrower with a five-year fixed interest rate of 3.30% based upon a 70% loan-to-value. Tower Capital was able to successfully arrange the financing on behalf of the borrower within a critical timeframe as the property had just recently achieved stabilization.

recent transactions

Scottsdale

15333 N. Pima Road
Suite 375
Scottsdale, AZ 85260
480-426-0560
AZ CMB-0928926

Dallas

2626 Cole Ave
Suite 300
Dallas, TX 75204
214-661-7633

Los Angeles

1801 Century Park East
24th & 25th Floors
Los Angeles, CA 90067
323-923-6032
CA DRE-02237859
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