NEWS & REPORTS

Commercial Real Estate Finance News

Tower Capital Builds Momentum in Wake of National Build-For-Rent Surge, Hotel-to-Multifamily Conversion Trend

Tower Capital reports it closed nearly $370 million in financing transactions so far in 2021 and is on track to reach $750 million for the year. The commercial real estate lending activity in H1 2021 was powered by a surge in build-for-rent…

connect 2021 Top Mortgage Brokers and Lenders

Tower Capital was co-founded by Kyle McDonough and Adam S. Finkel in 2015 to enable commercial real estate owners to achieve investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind.…

With 25K apartment units in pipeline, is Valley in danger of overbuilding?

With tens of thousands of apartment units in the pipeline in metro Phoenix, those who were burned by the Great Recession more than 10 years ago can't help but wonder if we're in danger of overbuilding again. Here's what experts say. Read…

117 Arizona companies make Inc. 5000 list for 2021

Arizona is home to many innovative companies that are driving the state’s economy and that is reflected in the state’s showing on this year’s Inc. 5000 list. A total of 117 Arizona companies made the Inc. 5000 list of the fastest-growing…

Four BTR Developments, Two States Add Up to $108M in Financing

Tower Capital arranged nearly $108 million in combined financing for four single-family build-to-rent (BTR) developments in two states. The larger of the transactions involve Empire Group’s development plans in metro Phoenix for the Village…

Tower Capital Advises on $108 Million in Financing for Four Single-Family, Build-For-Rent Developments in Arizona, North Carolina

Tower Capital arranged nearly $108 million in combined financing for four single-family, build-for-rent (BFR) developments in two states. The larger of the transactions involve Empire Group’s development plans in Metro Phoenix for the Village…

Tower Capital Arranges Over $100 Mil in Financing on Four Build-for-Rent Developments

Tower Capital arranged nearly $108 mil in combined financing for four single-family, build-for-rent (BFR) developments in two states. The larger of the transactions involve Empire Group’s development plans in Metro Phoenix for the Village…

Special report: Why Valley build-to-rent hybrid homes are capturing the eye of lenders

Renters, homebuilders and investors are in love with the build-to-rent concept, where detached single-family rental homes are built within highly amenitized communities. More lenders are catching on and beginning to offer better deals. Here's…

Tower Capital Completes Four Multifamily Financings Totaling $21 Million in Arizona

Tower Capital arranged more than $21.3 million in combined acquisition financing for four multifamily properties in Arizona. The transactions involve the Portofino in Phoenix, the Hayden Apartments in Scottsdale, the Filmore Apartments in Phoenix…

Table of Experts: Commercial Real Estate

Table of Experts: Commercial Real Estate Read source article

Multifamily Influencers

The multifamily sector could not be having an easier and more fruitful 2021. Rents are climbing, investment sales are proliferating and occupancies are strong. Navigating such an environment, one might think, is an easy prospect and to be sure…

Sacramento Hotel Purchased for $16MM as Part of Hotel-to-Multifamily Conversion

(EDITOR’S NOTE: According to public records, the asset was sold in August of 2021 for $16 million, or about $121,212 per room. The seller was Manas Hospitality, LLC, which is affiliated with San Diego-based Kalthia Group Hotels. The buyer,…

Phoenix Growth Fuels Multifamily Demand for Five Assets

Combined financing of $24.2 million was recently obtained for five multifamily properties, a hotel and a retail property in Arizona. The transactions involve the 44 May multifamily property in Mesa, the Royal Meridian multifamily in Apache…

Holiday Inn Express Finds New Life as Multifamily

Tower Capital recently arranged a $23.2 million acquisition and renovation loan for a 132-key Holiday Inn Express hotel in Sacramento that will be repurposed into a 129-unit class-B multifamily community. The four-story project was originally…

Tower Capital Completes Six Financings Totaling $24 Million in Metro Phoenix

Tower Capital arranged $24.2 million in combined financing for five multifamily properties, a hotel, and a retail property in Arizona. The transactions involve the Sunset Ridge apartments in Phoenix, Gran Jardin multifamily property in Phoenix,…

NexMetro sells another Valley build-to-rent community as property values soar

The wildly popular build-to-rent sector continues to surge in metro Phoenix, as one of the first companies to get into this space has sold another property — and bringing in more than double the value of its first property sale in 2018. Read…
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.