Financing Amount:
Capital Source:
Debt Fund
Transaction Details:

Tower Capital successfully arranged non-recourse construction financing for a build-to-rent Townhome community totaling $14,225,000. The subject property consists of 96 contemporary styled townhomes in a gated community with lifestyle amenities such as a large resort style pool, SOHO house style great room, multiple flex office spaces, a package room, a pickle ball court and a chef’s kitchen with culinary events. The unit mix will consist of one, two and three bedroom townhomes, some with attached garages, which presents a unique and competitive alternative to current apartment rental housing in the area. The property is in close proximity to the Light Rail, Sprouts, Medical Offices including Blue Cross Blue Shield and NHW Community Health.

One of the main challenges on this transaction was that although the sponsor had a great track record in other real estate transactions and the restaurant industry, this would be his first ground up development. With its extensive lending relationships, knowledge and experience in the build-to-rent sector, Tower Capital was able to provide multiple term sheets to the sponsor within weeks of being hired.

recent transactions


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


2626 Cole Ave
Suite 300
Dallas, TX 75204

Los Angeles

1801 Century Park East
24th & 25th Floors
Los Angeles, CA 90067
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