City National Bank Provides $144.1 Million Acquisition Loan For Multifamily Property In Gilbert, AZ

The multifamily property located at 3004 & 3134 South Market St in Gilbert, AZ was recently involved in a loan transaction. The property consists of 624 units and was acquired through an acquisition loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $144,120,000
• Date: 10/03/2022
• Address: 3004 & 3134 South Market St, Gilbert, AZ
• Market: Gilbert, AZ
• Lender: City National Bank
• Loan Type: Acquisition loan

The lender involved in this loan transaction was City National Bank. The loan amount provided for the acquisition was $144,120,000. The property is situated in Gilbert, AZ and consists of 624 units in total.