UrbanStreet Group Secures $62M Construction Loan For The Douglas At Goodyear In Arizona

UrbanStreet Group has secured $62 million in construction financing for The Douglas at Goodyear, a 307-unit single-family-rental community located at 14935 West Van Buren Street in Goodyear, Arizona. The property is a development site in a prime location near Phoenix.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $62,000,000
• Units: 307
• Market: Goodyear, AZ

The loan for The Douglas at Goodyear was facilitated by Pat Dempsey of Walker & Dunlop, serving as the broker for the deal. The three-year floating-rate construction loan will enable the development of the 307-unit rental community.

This financing will support the continued growth and expansion of UrbanStreet Group's portfolio, allowing them to bring high-quality rental housing options to the Goodyear market. The Douglas at Goodyear offers an exciting opportunity for residents seeking modern and comfortable single-family rentals in a desirable location.