Land Financing Phoenix, AZ

Land Financing – Phoenix, AZ

  • Loan Amount: $1,700,000
  • Purpose: Acquisition Loan
  • Private Lender
  • LTV: 60%
  • Rate: 12%
  • Amortization: Interest Only
  • Non-Recourse

Transaction Details:
Tower Capital has arranged short-term, non-recourse acquisition financing for a 25-acre site that will be developed into a single-family residential community located in Phoenix, Arizona. The buyer’s goal was to maximize their loan proceeds and pledged additional equity in other properties to do so.  The $1.7 million loan represents approximately 60% of total collateralized value.  The borrower had a closing date that was rapidly approaching, putting a premium on speed for this financing.  The loan was closed within 2 weeks of introducing the lender to the borrower. 

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 $700 Million for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.