The first transaction is a $12-million acquisition and rehab loan for a four story, 158-key, interior corridor Best Western hotel in Tempe that will be repurposed into a 113-unit, Class B multifamily community. The second transaction is a $9.3-million acquisition and rehab loan for a four-story, 188-key, mid-scale, select-service Quality Inn Phoenix Airport hotel that will be repurposed into a 97-unit, Class B multifamily community.
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 $3 Million to $300 Million and have financed over $1.3 Billion for our clients since inception. We focus on independent financial advising with an entrepreneurial mindset, market vigilance and personalized attention to every client.
- Market Dislocation May Uncover Silver Lining For Commercial Real Estate LendingJuly 7, 2022 - 8:47 pm
- David Stull – ConnectCRE NEXT Generation AwardsMay 26, 2022 - 2:16 pm
- Avenue North starts third party construction firm – Phoenix Business JournalMay 26, 2022 - 2:15 pm
- Tower Capital Lines Up Financing on Phoenix Build-to-Rent – Connect CREMay 26, 2022 - 2:11 pm
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15333 N. Pima Road, Suite 375
Scottsdale, Arizona 85260
Phone: (480) 426-0560
Fax: (480) 436-5630