Brighton Place is an 80-unit apartment project located at 222 East Cody Drive in Phoenix, AZ. The property was acquired for $5.25 million or $65,625/unit by an experienced, Los Angeles-based investor, with multifamily holdings throughout the southwestern United States. The new owner will put into place a modest capital improvement plan to help push rents and increase Net Operating Income.
The 15-year loan arranged by Tower Capital offers a competitive fixed interest rate and provides the borrower with he flexibility of an open prepay, should they choose to sell the property or refinance during the term of the loan.
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 $100 Million and have financed over $500 Million for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.