Mi Casitas Apartments - Tucson, AZ

Vista Hermosa Apartments – Tucson, AZ

  • Loan Amount: 1,500,000
  • Purpose of Loan: Acquisition
  • Capital Source: Credit Union
  • LTV: 78%
  • Interest Rate: 4.445% fixed for 5 years
  • Term: 15 Years
  • Prepay: None
  • Recourse

Transaction Details:
Vista Hermosa apartments is a 57-unit multifamily property located in Tucson, Arizona. The property was constructed in 1974 and features a unit mix of 3 one-bed one-bath units and 54 two-bedroom one-bath units. Project amenities include gated access, playground, swimming pool and community 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.