JLL Arranges $10.68M Refinance Loan For The Valencia Apartments In Phoenix

The Valencia Apartments, a 127-unit garden-style multi-housing community located at 3450 West Missouri Avenue in Phoenix, Arizona, has secured a $10.68 million loan for refinancing. The loan has been arranged by JLL Capital Markets on behalf of the property's landlord, Edward Aloe of CALCAP Advisors. The Valencia Apartments, with its prime location in the Phoenix market, offers a desirable investment opportunity in the multifamily asset class.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,680,000
• Units: 127
• Address: 3450 West Missouri Avenue
• Market: Phoenix, AZ

Brad Miner, Elle Miraglia, and Frank Choumas from JLL played a crucial role as brokers in facilitating the loan for The Valencia Apartments. Their expertise and efforts contributed to the successful completion of the refinancing deal. CALCAP Advisors, led by Edward Aloe, seized this opportunity to optimize their investment in the property and ensure its long-term profitability. The favorable terms of the loan will enable them to continue providing residents with quality living spaces while generating substantial returns on their investment.