The first transaction is a $12-million acquisition and rehab loan for a four story, 158-key, interior corridor Best Western hotel in Tempe that will be repurposed into a 113-unit, Class B multifamily community. The second transaction is a $9.3-million acquisition and rehab loan for a four-story, 188-key, mid-scale, select-service Quality Inn Phoenix Airport hotel that will be repurposed into a 97-unit, Class B multifamily community.
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $3 Million to $300 Million and have financed over $1.3 Billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Build-to-rent single-family housing communities are here to stay
Scotsman Guide featured George Maravilla this week. George, Senior vice president, Tower Capital writes on the growth of single-family rental housing in a sector that's set to stick around.
"Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live. During the COVID-19 pandemic, this trend has accelerated as more people flee dense urban cores to the suburbs. It also has led to a new type of starter home and an entirely new institutional investment asset class: build-to-rent (BTR) single-family homes."
Click Here to Read Entire Article >
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $3 Million to $300 Million and have financed over $1.3 Billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Tower Capital arranged $24.845 mil in financing for a 224-unit, low-rise, two-story apartment community located in the Phoenix I-17 Employment Corridor.
RENTV reported March 3, 2021 On Real Estate Insider
"Tower Capital arranged $24.845 mil in financing for a 224-unit, low-rise, two-story apartment community located in the Phoenix I-17 Employment Corridor."
Click Here to Read Entire Article >
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $3 Million to $300 Million and have financed over $1.3 Billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Tower Capital Advises on $50M in Financing for Three Single-Family Build-To-Rent Townhome Developments
"PHOENIX, February 22, 2021 – Tower Capital arranged a programmatic joint venture with an institutional private equity firm, which resulted in $50 million in financing for three separate single family rental developments."
Click Here to Read Entire Article >
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $300 Million and have financed over $1 billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Tower Capital Arranges $24.8M Acquisition Loan for Apartment Community in Phoenix
By: Amy Works, in Acquisitions, Arizona, Loans, Multifamily, Western, REBUSINESS ONLINE
Published: February 22, 2021
"PHOENIX — Tower Capital has arranged $24.8 million in acquisition financing for a two-story multifamily property located in the Phoenix I-17 Employment Corridor." reports Amy Works in the Acquisitions, Arizona, Loans, Multifamily, Western.
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $300 Million and have financed over $1 billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Tower Capital Arranges Financing for Trio of Phoenix Metro Multifamily Properties
Phoenix Business Journal
Published: February 19, 2021
"Tower Capital arranged nearly $6.5 million in financing for three multifamily properties in Phoenix Metro. The communities include Casa Monte Vista in South Phoenix, Capri in Scottsdale, and Palmetto Cottages in Phoenix." reports the Phoenix Business Journal.
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $300 Million and have financed over $1 billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Construction ramping up for hybrid build-to-rent communities across metro Phoenix
Published: February 3, 2021
"Thousands of build-to-rent single-family homes are under construction in the Valley as the popularity of them continues to grow among renters, builders and investors." reports Angela Gonzales in the Phoenix Business Journal.
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $300 Million and have financed over $1 billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Single-Family Build-to-Rent Product Picks Up Steam
By: Lisa Brown, ConnectCRE
Published: February 2, 2021
"The growth of the single-family build-to-rent product will continue in 2021 and beyond, especially due to shifts in living trends exacerbated by COVID-19. One Phoenix project reflects the robust demand for this product type." reports Lisa Brown of ConnectCRE.
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $300 Million and have financed over $1 billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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Tower Capital arranges $14.2M in construction financing for 19 North
Published: February 1, 2021
"Tower Capital arranged $14,225,000 in non-recourse construction financing for 19 North, a build-to-rent Townhome community in Phoenix." reports AZ Big Media.
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About Tower Capital:
Tower Capital was founded to enable owners of commercial real estate to achieve their investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.
Established in 2015 and headquartered in Phoenix, Arizona, Tower Capital provides customized structured financing to investors throughout the United States. We specialize in debt and equity placement ranging from $2 Million to $300 Million and have financed over $1 billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
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