CBRE Secures $35.25M Construction Loan For 112-Unit BTR Community In Peoria, AZ | 9625 West Olive Avenue | Nick Santangelo, Jim Korinek, Doug Birrell, Bruce Francis, Shaun Moothart, Robert (Bob) Ybarra | MultiFamily | Loan

Summary

Loan

ARIZONA

MultiFamily

CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, Arizona. The property is located at 9625 West Olive Avenue and is classified as a multifamily asset. The loan was secured on 02/01/2024.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $35,250,000
Units: 112
Market: Peoria, AZ

The loan was brokered by Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra, and Shaun Moothart from CBRE. They played a crucial role in securing the construction loan for Bella Olivia.

Players

All
7

Agents
6
Agencies
1

Nick Santangelo

Senior Vice President

$49.5M Sold

Jim Korinek

Executive Vice President

Doug Birrell

Senior Vice President

Bruce Francis

Vice Chairman

Shaun Moothart

Senior Vice President

Robert (Bob) Ybarra

Senior Vice President

CBRE

Details

Deal Summary

FINANCED

IMAGE: Bruce Francis, Robert Ybarra, Shaun Moothart, Doug Birrell, Jim Korinek & Nick Santangelo DATE: 02/01/2024 ADDRESS: 9625 West Olive Avenue MARKET: Peoria, AZ ASSET TYPE: Multifamily ~ UNITS: 112 BROKERS: Bruce Francis, Doug Birrell, Jim Korinek, Nick Santangelo, Robert Ybarra & Shaun Moothart - CBRE LOAN AMOUNT: $35,250,000 LOAN TYPE: Construction NOTE: CBRE has secured a $35.25 million construction loan for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, Arizona.

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Address9625 West Olive Avenue

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