MacNaughton Secures $90 Million Loan From Nationwide For Scottsdale Multifamily Property With 290 Units

The property asset involved in this transaction is a multifamily unit located at 15825 North 71st Street in Scottsdale, featuring a total of 290 units. The loan amount secured for the acquisition of this asset is $90,000,000. The lender facilitating this loan is Nationwide, while the landlord associated with the property is MacNaughton.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Address: 15825 North 71st Street
• Market: Scottsdale
• Units: 290
• Lender: Nationwide
• Landlord: MacNaughton
• Broker's: Bruce Francis, Doug Birrell, Robert Ybarra, Shaun Moothart & Nick Santangelo - CBRE
• Loan Type: Acquisition

The deal's key individuals include brokers Bruce Francis, Doug Birrell, Robert Ybarra, Shaun Moothart, and Nick Santangelo, all of whom represent the transaction through CBRE. Their involvement in the deal underscores the collaborative effort required to successfully navigate the acquisition process.