Entries by admintower

Tower Capital Closes $60.5 Million Loan for Liv Goodyear

Tower Capital, Phoenix-based commercial real estate finance firm, has closed a $60.5 million acquisition loan for Liv Goodyear, a brand-new, Class A, multifamily apartment community. Located at the southeast corner of West Virginia Avenue and 153rd Drive in one of the fastest-growing cities in Arizona, Liv Goodyear is a 326-unit institutional-quality apartment community offering cutting-edge amenities and meticulously […]

Tower Capital Secures a $60M Loan for Liv Goodyear

The funds were used to acquire a brand-new, class-A, multifamily apartment community. class-A, multifamily apartment community. The deal at Liv Goodyear contributes to a record-breaking quarter for the company, which is on track to close $250 million during the final months of 2019. The company also broke its annual record, closing on more than $400 […]

Tower Capital Sees Surge In Loan Volume

The firm closed a record-breaking $70 million in the last 30 days, and is also on track to break an annual record. Phoenix-based Tower Capital is seeing a surge in loan activity. The company has closed a record-breaking $70 million in deals in the last 30 days, and is on track to break an annual record as […]

Tower Capital Reports Nearly $70 Million in Closings in Past 30 Days

Phoenix, Arizona – It was a stellar month for Tower Capital Organization, an independent structured finance firm based in Phoenix. In the last 30 days alone, the company closed nearly $70 million in loan volume across eight properties in the Southwest.   Tower Capital closed loans across eight properties in Arizona and California. The largest deal last […]

Multifamily Development Financing: Lenders Jockey for Position

The players in the multifamily development financing space are mostly the same, but how their pros and cons work out in practice continues to change. As the sources of multifamily development financing—debt and equity—jostle for business, their strategies and products continue to evolve. These shifts have allowed debt funds to become more prominent capital sources […]

America’s Commercial Real Estate Podcast

Adam Kinkel offers great insight on the “Commercial Real Estate Financing” show. Finance can be a barometer for future activity in real estate, and lower interest rates and a prolonged cycle are generating interest in the debt market. Michael and his guests discuss the impact of lowered rates, lender sentiment, and tips for commercial real […]

11 Tips For Building A Real Estate Brokerage Firm From The Ground Up

If you’ve worked as a real estate broker, you may have considered starting your own brokerage firm. Opening your own firm can lead to increased freedom as well as financial opportunity. However, like any entrepreneurial endeavor, building a company from the ground up can be a daunting task. Members of Forbes Real Estate Council know about the challenges […]

Tuscany Apartments Scottsdale, AZ

Tuscany Apartments – Scottsdale, AZ Purpose: Acquisition Bridge Loan Capital Source: Finance Company LTC: 70% Term: 18 Months +Ext. Rate: 8.75% Prepay: None Non-Recourse Transaction Details: Tuscany Apartments is a 12-unit multifamily property located at 4601-4613 N. 74th St in downtown Scottsdale. The project consists of two 2-story, 6-unit buildings, situated on three ½-acre parcels. The […]

Phoenix Sees Surge in Capital Placement at Start to 2019

Tower Capital closed $27 million in transactions the first quarter, and have $150 million built up in the pipeline to close in the second quarter. At the start of the year, there was strong capital activity in the Phoenix market. Tower Capital, for example, closed $27 million in capital transactions and has another $150 million in […]