Principal Life Insurance Provides $57.9M Construction Loan For Tempe Multifamily Development

The property involved in this transaction is a multifamily asset located at 2000 East Apache Boulevard in Tempe, AZ. The loan for the property was provided by Principal Life Insurance. The landlord of the property is Silver Creek Development, represented by Jim Cooper. The brokers involved in the deal are Antonio Hachem from George Smith Partners.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $57,900,000
• Loan Type: Construction Loan

The loan amount for this transaction is $57,900,000, and it is a construction loan. Antonio Hachem from George Smith Partners represented the landlord, Silver Creek Development, in this deal.