• Tower Capital Arranges $20.1 Million for Hilton Home2 Suites Development

    Tower Capital Arranges $20.1 Million for Hilton Home2 Suites Development0

    Tower Capital, an independent structured finance firm, successfully arranged $20,121,000 in development financing for a Home2 Suites by Hilton in Mesa, Arizona. This deal puts Tower Capital at nearly $200 million in arranged financing for Q1 this year, marking the company’s most successful first quarter since its inception in 2015. The 111-key hotel property will

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  • Tower Capital Reports Nearly $70 Million in Closings in Past 30 Days

    Tower Capital Reports Nearly $70 Million in Closings in Past 30 Days0

    Phoenix, Arizona – It was a stellar month for Tower Capital Organization, an independent structured finance firm based in Phoenix. In the last 30 days alone, the company closed nearly $70 million in loan volume across eight properties in the Southwest.   Tower Capital closed loans across eight properties in Arizona and California. The largest deal

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  • STORE Capital Issues 15-Year AAA Rated Debt

    STORE Capital Issues 15-Year AAA Rated Debt0

    Closes $508 Million Securitization Including $326 Million of AAA Rated Debt Scottsdale, Arizona – STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, announced today that it has issued an aggregate of $508 million of long-term fixed-rate notes designated as STORE Master

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  • CBRE Arranges $59.47 Million Bridge Loan for Camelback Esplanade III

    CBRE Arranges $59.47 Million Bridge Loan for Camelback Esplanade III0

    Phoenix, Ariz. – CBRE has obtained a $59.47 million bridge loan for the acquisition of Camelback Esplanade III, a 218,387-square-foot Class A office building in metro Phoenix’s Camelback Corridor. Bruce Francis, Bob Ybarra, Dana Summers, Shaun Moothart and Doug Birrell of CBRE Debt & Structured Finance facilitated the loan for the owner, a venture between

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  • Tower Capital Finances $44.5 Million Build-to-Rent Deal

    Tower Capital Finances $44.5 Million Build-to-Rent Deal0

    PHOENIX, ARIZ. (June 17, 2019) – Tower Capital successfully arranged construction financing for a 212-unit single family rental community totaling $44,500,000.  Located at the southeast corner of 19th Avenue and Happy Valley Road, The Elux at Deer Valley development will feature a workout facility, clubhouse, a resort style pool, a dog park, and a gated entrance. The units will feature premium countertops, stainless steel appliances,

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  • Arizona’s Economy, Population Growth and Jobs Expected to Continue Outpacing U.S. Averages

    Arizona’s Economy, Population Growth and Jobs Expected to Continue Outpacing U.S. Averages0

    Phoenix, Ariz. – With continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum. Steady growth was seen across all areas of

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