Aerie La Cholla is a newly developed 144-unit build-to-rent community located at 5750 North La Cholla Boulevard in Tucson, Arizona. The property is part of the multifamily asset type category and has recently secured a financing amount of $38,720,000 through a refinancing loan arranged by Black Bear Capital Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38,720,000
• Loan Type: Refinance
• Loan Terms: Two complementary floating-rate facilities with full-term interest-only
• Landlord: Iridius Capital/Aerie Development
• Capital Markets Advisors: Michael Bernstein, Matthew Stearns & Zach Lutwak-Fitzgerald - Black Bear Capital Partners
• Location: 5750 North La Cholla Boulevard, Tucson, AZ
• Market: Tucson, AZ
• Unit Count: 144
• Term: Three years

The successful closing involved key individuals from Black Bear Capital Partners, specifically Michael Bernstein, Matthew Stearns, and Zach Lutwak-Fitzgerald, who structured the capital stack to provide the sponsor with flexible and non-dilutive leverage across the loan's term.