The Dinerstein Companies And PCCP Secure $85.1M Loan For Atlas Mesa Multifamily Development In Mesa, AZ

The Dinerstein Companies and PCCP have secured $85.1 million in financing from Affinius Capital and Simmons Bank for the construction of Atlas Mesa, a 394-unit multifamily community in Mesa, Arizona. The development site is located at the intersection of East Baseline Road and South Sunview.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $85,100,000
• Units: 394
• Lender: Tom Burns - Affinius Capital & Simmons Bank
• Landlord: Brian Dinerstein - The Dinerstein Companies & Donald H. Kuemmeler - PCCP
• Loan Type: Construction

Brian Dinerstein from The Dinerstein Companies and Donald H. Kuemmeler from PCCP serve as the landlords for the project, while Tom Burns from Affinius Capital and Simmons Bank have provided the $85.1 million construction loan.