Tower Capital has arranged short-term, non-recourse acquisition financing for a 25-acre site that will be developed into a single-family residential community located in Phoenix, Arizona. The buyer’s goal was to maximize their loan proceeds and pledged additional equity in other properties to do so.  The $1.7 million loan represents approximately 60% of total collateralized value.  The borrower had a closing date that was rapidly approaching, putting a premium on speed for this financing.  The loan was closed within 2 weeks of introducing the lender to the borrower.