CrossFirst Bank And Blue Vista Capital Provide $38M Joint Venture Equity & Construction Loan For Development Site In Casa Grande

The development site located at the southwest corner of Thornton Road and Lawrence St in Casa Grande, AZ has been involved in a loan transaction. The property spans 314,453 square feet and is owned by Kentwood Ventures. The loan transaction involved two lenders, CrossFirst Bank and Blue Vista Capital Management, and was facilitated by brokers Jason Carlos and Jarrod Howard from JLL Capital Markets. The loan amount for the transaction was $38,000,000 and consisted of joint venture equity and construction financing.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $38,000,000
• Address: Swc Thornton Road & Lawrence St, Casa Grande, AZ
• Market: Casa Grande, AZ
• Lenders: CrossFirst Bank, Blue Vista Capital Management
• Landlord: Kentwood Ventures
• Brokers: Jason Carlos & Jarrod Howard - JLL Capital Markets

Jason Carlos and Jarrod Howard from JLL Capital Markets played a key role in facilitating the loan transaction for the development site. Kentwood Ventures, as the landlord, secured the loan from CrossFirst Bank and Blue Vista Capital Management. The loan, amounting to $38,000,000, included joint venture equity and construction financing to support the development of the property.