Financing Amount:
Cash-Out Refinance
Capital Source:
Freddie Mac
Transaction Details:

Highland Park is a 70-unit, class C, garden style apartment complex located in Phoenix, Arizona. The property was originally built in 1974 and has a unit mix consisting of one and two-bedroom units. Amenities include a pool and spa, a playground, and on-site laundry facilities.

The property was acquired by the borrower, an experienced private investor, in 2010 in a short sale. Tower Capital aided the borrower in securing a long-term, fixed-rate loan, secured from Freddie Mac. The $3,320,000 loan (71% LTV) allows the borrower to refinance the existing debt on the property and to cash out their initial equity investment.

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