Vista Hermosa Apartments – Tucson, AZ
- Loan Amount: 1,500,000
- Purpose of Loan: Acquisition
- Capital Source: Credit Union
- LTV: 78%
- Interest Rate: 4.445% fixed for 5 years
- Term: 15 Years
- Prepay: None
Vista Hermosa apartments is a 57-unit multifamily property located in Tucson, Arizona. The property was constructed in 1974 and features a unit mix of 3 one-bed one-bath units and 54 two-bedroom one-bath units. Project amenities include gated access, playground, swimming pool and community laundry facilities.
Tower Capital’s client is an experienced multifamily investor who seeks mismanaged properties to renovate and increase NOI and value.
About Tower Capital:
Tower Capital is a Commercial Real Estate Finance firm specializing in debt and equity placement on behalf of commercial real estate investors throughout the country. They offer borrowers conventional permanent financing through their commercial mortgage brokerage division, as well as short term bridge solutions through their in-house private money platform.