Venture on Wilson is a mid-century modern, 12-unit value add multifamily property located in Tempe, Arizona.  Tower Capital’s client, a local crowdfunding firm, acquired the property for $1,200,000 or $100,000 per unit.  The project is walking distance to Arizona State University, Mill Avenue and major employers such as State Farm, ADP and JP Morgan.  The borrower plans to renovate the exterior and interior of the property in order to increase rents and ultimately increase value.  The loan secured by Tower Capital provided the borrower with a quick closing and flexible capital to renovate and sell the property.