Tower Capital Finances Three Arizona BTR Properties

Tower Capital arranged $185.7 million in financing for four Build-to-Rent (BTR) developments that will result in 572 units delivered in Arizona, with one in North Carolina. The financing encompasses three new projects in the Phoenix market, including $67.4 million for Village at Carver Mountain, $59.6 million for Village at Sonoran Vista, and $21.2 million for Montana Del Sur.

Tower Capitals’s Kyle McDonough has more, “Rising mortgage rates are causing potential buyers to take a look at single-family rentals, which can offer more affordable economics compared to buying a house, while delivering the lifestyle and flexibility they seek. For those reasons, it is expected that demand will continue to increase for BTR’s.”  Tower Capital has successfully closed more than $750 million in financing transactions for Build-to-Rent product.

Tower Capital also arranged $3.6 million in acquisition financing for Avalon, a 12-unit apartment asset in Phoenix.

Read Article

more news & insights

Globe St.| Feb 13 2024
Tower BTR Team GlobeSt 2024 Rainmakers
Yield PRO| Jun 04 2024
Tower Capital Arranges $47 Million in Construction Financing for 217-Home BTR Community Village at Mayfair in Texas
ConnectCRE| Jun 04 2024
Empire Obtains $47.4M Loan for New Braunfels BTR Community
The Herald Zeitung| Jun 04 2024
Arizona developer to build 217 rental homes at New Braunfels' Mayfair
1 2 3 33

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
Copyright © 2024 All Rights Reserved Tower Capital | Website Developed by Connect Creative
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram