The Empire Group Secures $229 Million Construction Loan From Mavik Capital For Multifamily Development

The property asset involved in the transaction is a multifamily development located at 965 East University Drive in the Tempe market, consisting of 533 units. The total loan amount secured for the construction of this asset is $229,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $229,000,000
• Lender: Dan Cooperman & Mike Fishbein - Mavik Capital
• Borrower: Geoff Jacobs, Richard Felker & Randy Grudzinski - The Empire Group
• Landlord's Representative: Malcolm Davies, Alexander Rossinsky & Kyle McDonough - WAY Capital
• Loan Type: Construction

The key individuals and companies behind the deal include the lenders Dan Cooperman and Mike Fishbein representing Mavik Capital, while the borrowers are Geoff Jacobs, Richard Felker, and Randy Grudzinski from The Empire Group. The landlord's interests are represented by Malcolm Davies, Alexander Rossinsky, and Kyle McDonough, affiliated with WAY Capital.