GDL Asset Management Secures $22.6 Million Refinance From Santander Bank For Villas De La Montaña

The asset involved in this transaction is a MultiFamily property named Villas de la Montaña, located at 4880 East 29th Street in Tucson, AZ, featuring a total of 332 units. The refinance loan amounted to $22,600,000, which was secured on July 31, 2025, through Santander Bank.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $22,600,000
• Address: 4880 East 29th Street
• Market: Tucson, AZ
• Units: 332
• Lender: Santander Bank
• Landlord: GDL Asset Management
• Brokers: Brad Miner & Drew Lydon - JLL
• Loan Type: Refinance

GDL Asset Management has owned Villas de la Montaña since 2021 and has undertaken extensive upgrades to both the units and common areas of the property. The refinancing arrangement was facilitated by the brokerage firm JLL, represented by brokers Brad Miner and Drew Lydon.