Blue Vista Capital Management & Family Development Secures $64.3M Refinance From ORIX Corporation

The asset involved in this transaction is a multifamily property located at 12730 West Camelback Road & 870 South Sarival Avenue within the Litchfield Park & Goodyear, AZ markets. The transaction is a refinance loan amounting to $64,300,000, facilitated for two new luxury build-to-rent communities known as Villas Litchfield and Villas Goodyear.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $64,300,000
• Lender: ORIX Corporation
• Landlord: Blue Vista Capital Management & Family Development
• Loan Type: Refinance
• Loan Amounts: $33.05M for Villas Litchfield and $31.25M for Villas Goodyear
• Market: Litchfield Park & Goodyear, AZ

JLL Capital Markets arranged the refinancing for these properties, working on behalf of Blue Vista Capital Management and Family Development, with ORIX Corporation providing the loans. This underscores the collaborative efforts of financial and real estate firms in the successfully structured transactions for these multifamily assets.