Finance
CBRE Arranges $59.47 Million Bridge Loan for Camelback Esplanade III0
- Finance, Latest News
- September 19, 2019
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 Deal0
- Finance, Multifamily
- June 18, 2019
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. 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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Tower Capital and Affiliates on Track to Reach $200 Million in Loan Closings by End of Year0
- Finance, Hospitality, Multifamily
- November 28, 2018
Structured Finance Firm Closes Nearly $45,000,000 in Loans in One Month PHOENIX, ARIZ. (Nov. 13, 2018) – Tower Capital, an independent structured finance firm, is projected to reach $200 million in loan volume by the end of 2018. Last month alone, the team originated and closed $44,886,000 in loans across six properties, making October Tower Capital’s second-best
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JLL Report Points to Maturing Phoenix Financial Services Sector0
- Finance
- November 20, 2018
More sophisticated uses entering market at notable pace PHOENIX, ARIZ. November 20, 2018 – New and increasingly sophisticated office users are transforming Phoenix’s financial services landscape from a once predominantly call center market into a diverse operational hub, according to the recently released JLL Financial Services Operations Center Report. Compared to even a few years ago, the
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Integrity Capital LLC Secures $8.2 Million Loan for Chandler Shopping Center0
Phoenix, Ariz. – Integrity Capital LLC. announced today that it structured a $8.2 million loan with Arizona Central Credit Union for the owners of Monterey Vista Village Shopping Center in Chandler. The team at Integrity Capital LLC., led by David Kotter and Tom Hartje, structured the five-year conventional refinance loan at an attractive interest rate.
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