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15825 North 71st Street

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

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:

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

Nationwide
NationwideLender

Bruce Francis

CBRE

Originator

$717.8M

vol

18 deals

Originator

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