Scottsdale’s Tower Capital Passes $1B in BTR Financing

For Tower Capital, the hits just keep coming. The Scottsdale company surpassed $1 billion in lending activity for the rapidly growing build-to-rent sector. The financings have helped developers add roughly 6,000 units across 35 communities across the Sunbelt.

Tower Capital’s $1 billion milestone was met after recently arranging $120.5 million in financing for two build-to-rent (BTR) luxury communities in Glendale and Peoria owned by Scottsdale-based Empire Group of Cos. The lease-up bridge and construction financing is for the newly developed Village at Pioneer Park, a 332-unit project, and Village at Skyline Ranch, a 167-unit project.

Founded in 2015, Tower Capital provides customized structured financing to investors throughout the nation. It specializes in debt and equity placement ranging from $3 million to $300 million and has financed $3 billion for commercial real estate clients since its inception.

Source Article

more news & insights

Globe St.| Feb 13 2024
Tower BTR Team GlobeSt 2024 Rainmakers
Yield PRO| Jun 04 2024
Tower Capital Arranges $47 Million in Construction Financing for 217-Home BTR Community Village at Mayfair in Texas
ConnectCRE| Jun 04 2024
Empire Obtains $47.4M Loan for New Braunfels BTR Community
The Herald Zeitung| Jun 04 2024
Arizona developer to build 217 rental homes at New Braunfels' Mayfair
1 2 3 33

Scottsdale

15333 N. Pima Road
Suite 375
Scottsdale, AZ 85260
480-426-0560
AZ CMB-0928926

Dallas

2626 Cole Ave
Suite 300
Dallas, TX 75204
214-661-7633

Los Angeles

1801 Century Park East
24th & 25th Floors
Los Angeles, CA 90067
323-923-6032
CA DRE-02237859
Copyright © 2024 All Rights Reserved Tower Capital | Website Developed by Connect Creative
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram