Updated Mar 31, 2026
Greenlight Communities Secures $28.8M Freddie Mac Refinance For Tucson Multifamily Property
1102 East 36th Street
$28,800,000
Units
288
Asset Type
MultiFamily
Closing
Mar 27, 2026
About this deal
AI
The asset involved in this transaction is Cabana Bridges, a multifamily property consisting of 288 apartment units located at 1102 East 36th Street in Tucson, AZ. The transaction includes a refinance loan amounting to $28,800,000, facilitated through Freddie Mac. This refinancing endeavor is aimed at enhancing the financial structure of the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,800,000
- Lender: Freddie Mac
- Landlord: Greenlight Communities
- Brokers: Matthew Terpstra & Charlie Williams - Bellwether Enterprise (BWE)
- Loan Type: Refinance
- Loan Term: Seven years
The refinancing was arranged by brokers Matt Terpstra and Charlie Williams, who worked on behalf of Greenlight Communities and Holualoa Cos. The financing was specifically structured to support Cabana Bridges in the Tucson market.
On the Map
$28,800,000
MultiFamily
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Tucson 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93