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1035 North Sarival Avenue

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

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

1035 North Sarival Avenue

$28,500,000

Building Size

Asset Type

MultiFamily

Closing

Sep 19, 2025

AI

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

NorthMarq

Broker

$480.1M

vol

5 deals

Broker
NorthMarq
NorthMarqBrokerage

Goodyear MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93