Updated Dec 4, 2024
Brandon Treger Secures $19.3M Refinance Loan For Harmony At Hurley Farms In Tolleson, AZ
2929 South 91st Avenue
$19,300,000
Units
128
Asset Type
MultiFamily
Closing
Nov 8, 2023
About this deal
AI
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.
On the Map
$19,300,000
MultiFamily
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Tolleson MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93