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Porter Kyle Secures $28.5 Million Refinance For The Cleveland Multifamily Community In Goodyear AZ

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FINANCED
$28,500,000

Arizona

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MultiFamily
Financed 09/19/2025
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FINANCED

Porter Kyle Secures $28.5 Million Refinance For The Cleveland Multifamily Community In Goodyear AZ

1035 North Sarival Avenue

See Similar Deals
MultiFamily
Financed 09/19/2025
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

The Cleveland is a 100-home build-to-rent community located at 1035 North Sarival Avenue in Goodyear, AZ. This multifamily asset features townhome-style units that include garages and private yards, along with various amenities such as a clubhouse, pool, coworking lounge, and dog park. The project was completed in July 2025 and has been refinanced for a total amount of $28.5 million.

Summary of transaction details:

Financing for the refinance was arranged by Northmarq’s Brandon Harrington and Tyler Woodard. This transaction highlights the involvement of these key brokers in securing financial arrangements for a significant multifamily development project in the Goodyear market.

Players

Brandon Harrington
5 deals$480.1M volume
BROKER

Tyler Woodard
NorthMarq
6 deals$512.9M volume
BROKER

NorthMarq
BROKERAGE

Details

FINANCED
IMAGE: 09/19/2025 ADDRESS: 1035 North Sarival Avenue MARKET: Goodyear, AZ ASSET TYPE: Multifamily ~ UNITS: 100 LANDLORD: Porter Kyle BROKERS: Brandon Harrington & Tyler Woodard - NorthMarq LOAN AMOUNT: $28,500,000 LOAN TYPE: Refinance NOTE: Porter Kyle secured a $28.5 million refinance for The Cleveland, a 100-home build-to-rent community in Goodyear, AZ, with financing arranged by Northmarq’s Brandon Harrington and Tyler Woodard. Completed in July 2025, the project offers townhome-style units with garages, private yards, and amenities including a clubhouse, pool, coworking lounge, and dog park. Kyle

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$28,500,000.00

Monthly NOI$190,000.00
Monthly Debt Service$180,139.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00