Phoenix-based Tower Capital has arranged $185.7 million in financing for four build-to-rent communities–three in Arizona and one in North Carolina–with a total of 741 units. Tower Capital has closed more than $750 million in financing transactions for BTR developments and has another $500 million of projects in the pipeline. Since 2018, the firm has closed financing on 30 […]
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 […]
Here’s a summary of the trends and sentiment I heard at the annual Western States CMBA conference that just wrapped up in Las Vegas last week. Speaking with upwards of 40 lenders, primarily on the debt side, as well as a host of conversations with those who attended, it is clear the mortgage industry is strong, although […]
The global economy, commercial real estate included, has forced some lenders and investors to sit on the sidelines. Changing interest rates, inflation and recent shifts have resulted in investors losing deals and having to push the pause button. The volatility has slowed down activity and market rates have moved quickly. Some experts believe interest rates […]
David Stull joined Tower Capital in May 2021 as an Associate, Debt, Equity & Structured Finance. He serves as a capital intermediary, structuring various types of debt and equity financings on behalf of private and institutional borrowers across all asset types nationwide. He quickly emerged as a rising CRE finance leader at the firm in […]
Scottsdale build-to-rent developer starts a third-party construction firm to help other developers build these hybrid communities that put detached single-family homes in rental communities. Here’s what is happening. Read Full Article
Tower Capital arranged more than $20 million in non-recourse construction financing for Proximity 7th, a build-to-rent (BTR) multifamily community being developed by Avenue North real estate investments in Phoenix. The seven-acre property is located at 801 E. Euclid Ave. and will house an 84-unit BTR development that’s expected to deliver the first units in 2023’s first quarter. […]
The volatility in the economic markets is creating a need for commercial real estate borrowers to include an experienced and independent mortgage team to close deals today. Investors require financing experts who can move with speed and efficiency, while still bring a deep understanding of capital markets – especially given the rapid shifts and adjustments […]
McCormack Commercial, a Houston-based commercial real estate firm, broke ground on a more than 1.3M SF Class-A industrial park in north Fort Worth. Read Full Article
Tower Capital arranged $27.8 million in non-recourse construction financing for a build-to-rent multifamily community in McKinney, TX. The 13.2-acre property, which was purchased by Hanson Capital in 2019, is located at 2703 Rockhill Road and will house a 128-unit development that is expected to deliver in Q1 2023. The financing arranged by Tower Capital allows […]
