NEWS & REPORTS

Commercial Real Estate Finance News

Walker & Dunlop Arranges $79.3M Sale of Sunny Lake Apartments in South Florida

Walker & Dunlop has arranged the $79.3 million sale of Sunny Lake Apartments, a 405-unit, garden-style community in Lauderhill. Still Hunter and Kaya Suarez of Walker & Dunlop represented the seller, Bar Invest Group.
20 PEOPLE TO KNOW

20 PEOPLE TO KNOW

Those new to the Valley of the Sun or those already doing business in residential real estate construction or home sales looking for a quick tutorial on some of the top movers and shakers in the region can get good primer with this well-known group of industry professionals.
Tower-Quality-Inn-Phoenix-Airport-hotel

Tower Capital Arranges $21 Million Acquisition and Renovation Loans for Pair of Phoenix Hotels Set for Multifamily Conversions

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.
Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live.

Build-to-rent single-family housing communities are here to stay

Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live.

Tower Capital arranged $24.845 mil in financing for a 224-unit, low-rise, two-story apartment community located in the Phoenix I-17 Employment Corridor.

PHOENIX, February 22, 2021 – Tower Capital arranged a programmatic joint venture with an institutional private equity firm, which resulted in $50 million in financing for three separate single family rental developments.
Townhome Rendering Surprise, AZ

Tower Capital Advises on $50M in Financing for Three Single-Family Build-To-Rent Townhome Developments

PHOENIX, February 22, 2021 – Tower Capital arranged a programmatic joint venture with an institutional private equity firm, which resulted in $50 million in financing for three separate single family rental developments.

Tower Capital Arranges $24.8M Acquisition Loan for Apartment Community in Phoenix

PHOENIX — Tower Capital has arranged $24.8 million in acquisition financing for a two-story multifamily property located in the Phoenix I-17 Employment Corridor.
Multifamily Acquisition Financing Scottsdale, AZ $2,300,000 13 Units

Tower Capital Arranges Financing for Trio of Phoenix Metro Multifamily Properties

Tower Capital arranged nearly $6.5 million in financing for three multifamily properties in Phoenix Metro. The communities include Casa Monte Vista in South Phoenix, Capri in Scottsdale, and Palmetto Cottages in Phoenix.

Construction ramping up for hybrid build-to-rent communities across metro Phoenix

Thousands of build-to-rent single-family homes are under construction in the Valley as the popularity of them continues to grow among renters, builders and investors.

Single-Family Build-to-Rent Product Picks Up Steam

The growth of the single-family build-to-rent product will continue in 2021 and beyond, especially due to shifts in living trends exacerbated by COVID-19. One Phoenix project reflects the robust demand for this product type.

Tower Capital arranges $14.2M in construction financing for 19 North

Tower Capital arranged $14,225,000 in non-recourse construction financing for 19 North, a build-to-rent Townhome community in Phoenix.

Adam Finkel – 10 young business leaders to watch in 2021

Here are 10 young business leaders to watch in 2021
Harvard Village at Pioneer Park, Peoria, Arizona - Tower Capital LLC

Kyle McDonough – PTK People & Projects to Know in Commercial Real Estate – 2021 Edition

People & Projects to Know (PTK) Magazine, the annual publication that spotlights Arizona’s most influential commercial real estate professionals and the projects that define the landscape identified Kyle McDonough as one to watch as Tower Capital hit a total of $1 billion in successfully executed commercial real estate debt and equity transactions.
Harvard Village at Pioneer Park, Peoria, Arizona - Tower Capital LLC

‘Ground zero’ for build-to-rent homes: Big-name developers enter the market in Phoenix, elsewhere

More developers — including some with hefty track records — are getting into the build-to-rent business at a time when the need for housing units in the Valley and other major metros is at an all-time high. Here's a sneak peek at some of the biggest names to enter the fray.
How COVID-19 Impacts Real Estate Loans In Arizona

How COVID-19 Impacts Real Estate Loans In Arizona

The economic uncertainty in this pandemic is affecting lending for commercial real estate projects.
Tower Capital surpasses $1 billion in CRE financing since 2015

Tower Capital surpasses $1 billion in CRE financing since 2015

In June, commercial real estate finance firm Tower Capital successfully arranged three multifamily property loans totaling $44 million, which put the company over $1 billion in successful loan arrangements since its inception in 2015.
Valley CRE lending bouncing back for some product types, expert says

Valley CRE lending bouncing back for some product types, expert says

Despite a slowdown when the Covid-19 pandemic hit and the stay-at-home orders that followed, commercial real estate financing in the Valley has continued to move forward, a Phoenix finance professional said.
How to raise capital in today’s environmentBusiness News

How to raise capital in today’s environment

The effects of the coronavirus pandemic have caused instability and uncertainty in the global financial markets.
The Rise and Fall (and rise again) of Interest Rates

The Rise and Fall (and rise again) of Interest Rates

Shifting interest rates are the never-ending, hot-button topic in the world of investing, and rightfully so. Changing rates not only affect our portfolios, but the entire U.S. economy.
How to raise capital in today’s environment

How to raise capital in today’s environment

The effects of the coronavirus pandemic have caused instability and uncertainty in the global financial markets.