LAND FINANCING – Phoenix, AZ
- Loan Amount – $5,000,000
- Purpose – Refinance
- Private Lender
- LTV: 50%
- Term: 12 Months
- Amortization: Interest Only
- Recourse
- Closed in 4 Business Days
Transaction Details:
Tower Capital arranged a quick close refinance loan for a 20 +/- acre entitled site in Phoenix, Arizona. The sponsor approached Tower with an immediate need for $5,000,000 to continue to fund another project. Tower utilized their network of high net worth investors to place the loan and close within 4 business days. We ensured that the sponsor would receive his required leverage and guaranteed that we could close on the loan quickly. The loan provided carries a 90 day prepayment penalty and afforded the borrower with maximum flexibility to quickly pay back the loan.
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 $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.
