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

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FINANCED
$45,000,000
Michael Ianno
Keith Kurland
+ 4

Arizona

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MultiFamily246,000 SF
Financed 10/21/2025
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Property Image
FINANCED

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

8455 Grand Avenue

See Similar Deals
MultiFamily246,000 SF
Financed 10/21/2025
Michael Ianno
Keith Kurland
+ 4
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$182
Total Square Footage:246,000 SF
Transaction Type:Loan

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:

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.

Players

Aaron Appel
190 deals$31.9B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
165 deals$26.9B volume
BROKER

Keith Kurland
Walker & Dunlop
170 deals$29.1B volume
BROKER

Adam Schwartz
Walker & Dunlop
160 deals$25.4B volume(646) 491-8869
BROKER

Michael Ianno
Walker & Dunlop
51 deals$6B volume
BROKER

Michael Stepniewski
Walker & Dunlop
11 deals$2.4B volume
BROKER

Cole Grims
Walker & Dunlop
4 deals$483M volume
BROKER

Walker & Dunlop
BROKERAGE



Details

FINANCED
IMAGE: Michael Stepniewski, Michael Ianno, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jeff Rosenfeld & Sean Robertson DATE: 10/20/2025 ADDRESS: 8455 Grand Avenue - Peoria Gateway MARKET: Peoria, AZ ASSET TYPE: Multifamily ~ SF: 246,000 ~ UNITS: 200 LENDER: Jeff Rosenfeld & Sean Robertson - North River Partners LANDLORD: Overland Group & Viking Capital BROKERS: Michael Stepniewski (@MikeStepniewski), Michael Ianno (@Mianno20), Aaron Appel, Keith Kurland (@KaKurland), Jonathan Schwartz (@JSchwa1386), Adam Schwartz (@AdamSchwartz88) & Cole Grims - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $45,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$45,000,000.00

Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00