Casa Maribela is a 192 unit multifamily property located in Phoenix, Arizona. The stabilized property was acquired for $9,400,000 or $48,958/unit by Tower Capital’s client, an experienced California based investor.

The $7,520,000 non-recourse loan secured by Tower Capital provided the borrower with 80% LTV and a flexible prepay schedule, allowing them to sell or refinance following month 12 of the initial loan term for only a 1% penalty.