Harbor Group International Provides $64 Million Loan For Greystar Development's 272-Unit Apartment In Phoenix

The property asset involved in this transaction is the Sunela apartment property located at 20600 North 55th Street in Phoenix, AZ. This multifamily asset features a total of 272 units and benefits from its proximity to significant amenities within the market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $64,000,000
• Lender: Richard Litton - Harbor Group International
• Landlord: Greystar Development & Crown Realty Group

The deal highlights Richard Litton's role as the lender through Harbor Group International, which provided the financing. Additionally, Greystar Development and Crown Realty Group acted as the landlords for the property, contributing to the financing of this 102nd apartment loan since the establishment of their bridge-lending program in 2020.