River City Bank Refinances Villa Montaña Apartments In Scottsdale For $15M

The $15 million loan from River City Bank is for the refinance of Villa Montaña, a 208-unit apartment complex located at 11350 E. Sahuaro Drive in Scottsdale, Arizona. The property features one- and two-bedroom units, a pool, fitness center, and a 24-hour laundry room.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Units: 208
• Lender: River City Bank
• Landlord: The Al Angelo Co
• Brokers: Grant Robertson & Mark Plenge - Walker & Dunlop

River City Bank provided the $15 million loan for the refinance of Villa Montaña, with The Al Angelo Co as the landlord. The deal was facilitated by brokers Grant Robertson and Mark Plenge from Walker & Dunlop.