MacNaughton Secures $90 Million Loan From Nationwide For Scottsdale Multifamily Property With 290 Units
15825 North 71st Street
$90,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 11, 2026
AI
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.
Players
Scottsdale 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93