Financing Amount:
Capital Source:
Private Lender
Transaction Details:

McKinley Row is a new 18-unit townhome development located at the northwest corner of 4th Avenue and McKinley Street in the historic Roosevelt District of downtown Phoenix, Arizona. The unit mix will consist of seventeen, 1,770 square foot, 2 bed x 2.5 bath townhomes, and one, 2,191 square foot, 2 bed x 2.5 bath corner unit. The townhomes also feature 2-car garages and a first floor studio/office.

Total project cost is projected to be $6,317,523, which is inclusive of hard and soft costs. The loan amount of $4,500,000 secured by Tower Capital represents approximately 71% LTC.

Metrowest Development is a Chicago and Phoenix based development company specializing in for sale townhomes, as well as apartment rental communities. The company has focused its development efforts in the historic Roosevelt District of downtown Phoenix, where one of its partners has had a strong presence in the community there since the 1990’s.

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