CBRE Secures $35.25M Construction Loan For 112-Unit BTR Community In Peoria, AZ

9625 West Olive Avenue

$35,250,000

Building Size

—

Asset Type

MultiFamily

Closing

Feb 1, 2024

AI

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