How COVID-19 Impacts Real Estate Loans In Arizona
The economic uncertainty in this pandemic is affecting lending for commercial real estate projects.
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The economic uncertainty in this pandemic is affecting lending for commercial real estate projects.
In June, commercial real estate finance firm Tower Capital successfully arranged three multifamily property loans totaling $44 million, which put the company over $1 billion in successful loan arrangements since its inception in 2015.
Despite a slowdown when the Covid-19 pandemic hit and the stay-at-home orders that followed, commercial real estate financing in the Valley has continued to move forward, a Phoenix finance professional said.
The effects of the coronavirus pandemic have caused instability and uncertainty in the global financial markets.
Shifting interest rates are the never-ending, hot-button topic in the world of investing, and rightfully so. Changing rates not only affect our portfolios, but the entire U.S. economy.
The effects of the coronavirus pandemic have caused instability and uncertainty in the global financial markets.
It seems that there has been a shift in the past week from a focus on flattening the curve to how we begin to open up society and the economy again.
Despite volatility in the marketplace caused by the COVID-19 pandemic, Tower Capital, an independent structured finance firm, arranged two acquisition loans totaling $26,190,000 for multifamily properties in Phoenix.
Hitting the pause button on multifamily transactions may not be such a bad thing.
Tower Capital, an independent structured finance firm, arranged $20,121,000 in development financing for a Home2 Suites by Hilton in Mesa, Arizona.
Tower Capital
15333 N. Pima Road, Suite 375
Scottsdale, Arizona 85260
Phone: (480) 426-0560
Fax: (480) 436-5630
Email Us
AZ CMB-0928926