Gran Limon – Tempe, AZ
- Loan Amount: $1,400,000
- Purpose of Loan: Refinance
- Capital Source: Bank
- LTV: 75%
- Term: 12 Years
- Prepayment: Step-down
Gran Limon is a 24 unit multifamily property located in Tempe, Arizona. Originally constructed in 1961, the borrower purchased the asset in 2013 and performed a major interior and exterior renovation, allowing him to substantially raise rents and increase the value of the property.
Tower Capital secured a $1.4 million non-recourse loan through a local bank, which returned 100% of the borrower’s equity plus some additional cash out.
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 $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.