Tower Capital Completes Four Multifamily Financings Totaling $21 Million in Arizona

Tower Capital arranged more than $21.3 million in combined acquisition financing for four multifamily properties in Arizona.

The transactions involve the Portofino in Phoenix, the Hayden Apartments in Scottsdale, the Filmore Apartments in Phoenix and the Santa Carolina Apartments in Nogales, AZ.

Tower Capital’s Adam Finkel, CCIM, Principal, said, “The multifamily sector continues to attract strong lender interest, especially in the Metro Phoenix market. Population and business growth over the past 18-months has fueled market activity and demand for affordable workforce housing. The financing will allow the sponsors to achieve their investment objectives in a time- and cost-efficient manner.”

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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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