Toll Brothers Apartment Living Secures $65M Construction Loan For Henri Rental Project In Phoenix

Toll Brothers Apartment Living has secured a $65 million construction loan from Banc of California for its 313-unit rental project, Henri, located at 502 W Van Buren Street, Phoenix, AZ. The development site spans a total area of 313 units.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $65,000,000
• Address: 502 W Van Buren Street, Phoenix, AZ
• Market: Phoenix, AZ
• Lender: Banc Of California
• Landlord: Toll Brothers Apartment Living

Toll Brothers Apartment Living has successfully secured a $65 million construction loan from Banc of California for the development of Henri, a rental project comprising of 313 units in Phoenix. This financial transaction will provide the necessary funds for Toll Brothers Apartment Living to progress with the construction and development of the project, ultimately bringing quality housing options to the area.