The Vibe Apartments – Phoenix, AZ
- Loan Amount: $3,770,000
- Purpose of Loan: Acquisition Loan
- Capital Source: Bank
- LTV: 75%
- Term: 10 Years
- Rate: 3.75% (fixed for 5 years)
- Amortization: 30 Years
- Prepayment: 5-4-3-2-1
The Vibe apartments is a 100 unit, “C” class multifamily property located in Phoenix Arizona. The property was originally built in 1969 and consists of concrete block construction. The Vancouver-based borrower is a former client of Tower Capital with other Phoenix apartment assets.
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.