Overland Group & Viking Capital Secure $45 Million Construction Loan For Peoria Multifamily Development

The asset involved in this transaction is a multifamily property located at 8455 Grand Avenue, Peoria Gateway, in Peoria, AZ. The total square footage of the property is 246,000, comprising 200 units. The property secured a construction loan amounting to $45,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Lender: Jeff Rosenfeld & Sean Robertson - North River Partners
• Landlord: Overland Group & Viking Capital
• Brokers: Michael Stepniewski, Michael Ianno, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz & Cole Grims - Walker & Dunlop
• Loan Type: Construction

This deal was facilitated by a team of brokers from Walker & Dunlop, including Michael Stepniewski, Michael Ianno, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, and Cole Grims, representing the parties involved in the transaction. The lenders, Jeff Rosenfeld and Sean Robertson from North River Partners, were key players in the financing process alongside the landlords Overland Group and Viking Capital.