Entries by cappartners

Public Transportation’s Impact on Property Values: Good or Bad?

There appears to be a sort of unfortunate urban myth that public transportation projects makes nearby neighborhoods less desirable. Certainly, the construction phases of some projects may generate noise and cause some inconvenience. No research supports the idea that public transportation increases crime or negatively impacts property values. The Positive Impact of Public Transportation on […]

Market Insights

Multifamily borrowers are continuing to benefit from a strong rental market. Many are taking advantage of the increased rents and NOI’s by refinancing and pulling cash out to be used for a variety of purposes, such as returning equity back to investors, performing capital improvements, or applying the funds toward additional investment opportunities. Banks and […]

Tower Capital Arranges $28M in Financing for Days Inn in AZ

PHOENIX—Tower Capital, a locally based commercial real estate structured finance firm, arranged $28 million in acquisition and renovation financing for the 218-room Days Inn hotel, located in Scottsdale, AZ. Principals Kyle McDonough and Adam Finkel CCIM led the transaction, which includes an extensive $12-million renovation budget that will reposition the asset into an independent boutique […]