Empire Group's Geoffrey Jacobs Secures $131.2M Loan For 328-Unit Mixed-Use Asset In Phoenix

The asset involved in this transaction is a mixed-use property located at 1500 North Central Avenue in Phoenix, AZ, consisting of 328 units. The loan amount secured for this property is $131,200,000, comprising both senior and mezzanine debt.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $131,200,000
• Address: 1500 North Central Avenue
• Market: Phoenix, AZ
• Units: 328
• Lender: Andy Klein - Lionheart Strategic Management, Taylor Osborn, and Jason Ritchie - AXOS Bank
• Landlord: Geoffrey Jacobs - Empire Group
• Landlord's Representative: Malcolm Davies and Alexander Rossinsky - WAY Capital

This transaction involves key individuals such as lenders Andy Klein, who represents Lionheart Strategic Management, along with Taylor Osborn and Jason Ritchie from AXOS Bank. The landlord, Geoffrey Jacobs, is associated with Empire Group, while the landlord's representatives, Malcolm Davies and Alexander Rossinsky, operate under WAY Capital.