Tom Staub & David Teo Of Red Oak Development Group Secure $74.8 Million Construction Loan In Flagstaff

The property involved in this transaction is an 83-townhome subdivision located at 2951 South Masonic Lane in the Flagstaff market. The total square footage of the asset is 187,528. The loan amount for this construction project is $74,800,000 with a loan term of 36 months.

Summary of transaction details:

• Property Type: Townhome Subdivision
• Transaction Amount: $74,800,000
• Lender: Arixa Capital
• Landlord: Tom Staub & David Teo - Red Oak Development Group
• Originators: Carlie Yapp & Nick Small - Arixa Capital
• Loan Broker: Cameron Lind - Max Benjamin Partners

Key individuals involved in the transaction include Tom Staub and David Teo acting as landlords, representing the Red Oak Development Group, and Carlie Yapp and Nick Small who served as the originators from Arixa Capital. Additionally, Cameron Lind acted as the loan broker from Max Benjamin Partners.