Toll Brothers Inc & Willton Investment Management Secure $86M Construction Loan For Phoenix Multifamily | 24255 North 19th Avenue | Alerus Financial, Santander Bank | MultiFamily | Loan

Summary

Loan

ARIZONA

MultiFamily

The multifamily property located at 24255 North 19th Avenue in Phoenix, AZ was involved in a closed transaction. The deal involved a construction loan with a loan amount of $86,000,000. The property is owned by Douglas C. Yearley, Jr. of Toll Brothers Inc and Chris Luo of Willton Investment Management.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $86,000,000
Lender: Santander Bank & Alerus Financial Corp
Landlord: Douglas C. Yearley, Jr. - Toll Brothers Inc & Chris Luo - Willton Investment Management

The lenders involved in the loan deal were Santander Bank and Alerus Financial Corp. The property owners, Douglas C. Yearley, Jr. and Chris Luo, were represented by Toll Brothers Inc and Willton Investment Management, respectively.

Players

All
2

Lenders
2

Alerus Financial

Santander Bank

Details

Deal Summary

FINANCED

IMAGE: Douglas C. Yearley, Jr. & Chris Luo DATE: 11/09/2023 ADDRESS: 24255 North 19th Avenue MARKET: Phoenix, AZ ASSET TYPE: Multifamily LENDER: Santander Bank & Alerus Financial Corp LANDLORD: Douglas C. Yearley, Jr. - Toll Brothers Inc & Chris Luo - Willton Investment Management LOAN AMOUNT: $86,000,000 LOAN TYPE: Construction

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Address24255 North 19th Avenue

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