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Brandon Treger Secures $19.3M Refinance Loan For Harmony At Hurley Farms In Tolleson, AZ

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FINANCED
$19,300,000

Arizona

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MultiFamily
Financed 11/08/2023
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FINANCED

Brandon Treger Secures $19.3M Refinance Loan For Harmony At Hurley Farms In Tolleson, AZ

2929 South 91st Avenue

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MultiFamily
Financed 11/08/2023
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

Arizona developer Brandon Treger has successfully secured a $19.3 million refinance loan for his multifamily property, Harmony at Hurley Farms, located at 2929 South 91st Avenue in Tolleson, AZ. The property consists of 128 residential units in a suburban neighborhood of Phoenix.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $19,300,000
  • Address: 2929 South 91st Avenue, Tolleson, AZ
  • Market: Tolleson, AZ
  • Units: 128

The lender for this transaction was Newmark, and the loan terms include a five-year, fixed-rate loan. The loan type is a refinance, allowing Brandon Treger to capitalize on the value of his multifamily property, Harmony at Hurley Farms.

Note: This successful refinance loan provides Brandon Treger with the financial stability and flexibility to further develop and maintain his multifamily property in Tolleson.

Players

Tyler Waller
Marcus & Millichap
Tyler Waller
5 deals$70.5M volume(602) 687-6695
BROKER
Newmark Knight Frank (Berkeley Point Capital)
Newmark Knight Frank (Berkeley Point Capital)
LENDER

Details

FINANCED
IMAGE: Tyler Waller DATE: 11/08/2023 ADDRESS: 2929 South 91st Avenue MARKET: Tolleson, AZ ASSET TYPE: Multifamily ~ UNITS: 128 LENDER: Newmark LANDLORD: Brandon Treger BROKER: Tyler Waller - Marcus & Millichap LOAN AMOUNT: $19,300,000 LOAN TYPE: Refinance LOAN TERMS: Five-year, fixed-rate loan NOTE: Arizona developer Brandon Treger secured a $19.3 million refinance loan for his 128-unit multifamily property, Harmony at Hurley Farms, in Tolleson, a suburb of Phoenix.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,300,000.00

Monthly NOI$128,666.67
Monthly Debt Service$121,989.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00