Mi Casitas Apartments - Tucson, AZ

Mi Casitas Apartments – Tucson, AZ

  • Loan Amount: 1,200,000
  • Purpose of Loan: Acquisition
  • Capital Source: Credit Union
  • LTV: 80%
  • Interest Rate: 4.445% fixed for 5 years
  • Term: 15 Years
  • Prepay: None
  • Recourse

Transaction Details:
Mi Casitas is a 47-unit multifamily property located in Tucson, Arizona. The property was constructed in 1961 and features a unit mix of 22 one-bed one-bath units, 24 two-bedroom one-bath units, and 1 three-bed two-bath unit. Project amenities include community BBQ area, swimming pool and laundry facilities.

Tower Capital’s client is an experienced multifamily investor who seeks mismanaged properties to renovate and increase NOI and value.  

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.