Financing Amount:
$5,000,000
Purpose:
Refinance
Location:
PHOENIX, AZ
Capital Source:
Private Lender
Transaction Details:

Tower Capital arranged a quick close refinance loan for a 20 +/- acre entitled site in Phoenix, Arizona.  The sponsor approached Tower with an immediate need for $5,000,000 to continue to fund another project.  Tower utilized their network of high net worth investors to place the loan and close within 4 business days.  We ensured that the sponsor would receive his required leverage and guaranteed that we could close on the loan quickly.  The loan provided carries a 90 day prepayment penalty and afforded the borrower with maximum flexibility to quickly pay back the loan.

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