Bela Flor Secures $116M Bridge Financing From MF1 Capital For 441 Units In Phoenix Metro

The transaction involves three newly built rental communities comprising a total of 441 units located at 36635 West Honeycutt Road, 4055 Ranch House Parkway & 9625 West Olive Avenue in the Maricopa and Gilbert, Peoria, AZ market. The financing amount is $116,000,000, arranged as bridge financing through MF1 Capital. The loan is structured as a two-year, interest-only agreement with three extension options, tailored for properties currently in lease-up.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $116,000,000
• Units: 441
• Lender: MF1 Capital
• Landlord: Bela Flor
• Brokers: Bruce Francis, Doug Birrell, Robert (Bob) Ybarra, Nick Santangelo & Shaun Moothart - CBRE

CBRE facilitated the loan arrangement, which supports the development of the new rental communities. These properties are strategically positioned across the Phoenix metro area, targeting markets in Peoria, Gilbert, and Maricopa, highlighting the intent to capitalize on the growing demand for rental housing in these regions.