Pennybacker Capital Provides $246.3M Refinance Loan For Phoenix Multifamily Portfolio

The multifamily property in Phoenix, AZ consists of 1,122 units with a total square footage of 297,658. The loan for this property was refinanced for $246,300,000 by Steven Parrinello from Pennybacker Capital. The transaction involved a pre-TCO bridge recapitalization of a 4 property build-to-rent portfolio.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $246,300,000
• Market: Phoenix, AZ
• Units: 1,122
• Total Square Footage: 297,658
• Lender: Steven Parrinello - Pennybacker Capital
• Brokers: Malcolm Davies, Zac Silva, Alex Rossinsky & Kyle Henrickson - WAY Capital
• Loan Type: Refinance
• Loan Terms: Pre-TCO bridge recapitalization of a 4 property build-to-rent portfolio

The loan transaction was facilitated by a team of brokers including Malcolm Davies, Zac Silva, Alex Rossinsky, and Kyle Henrickson from WAY Capital. This refinancing deal highlights the collaboration between the lenders and the broker team to successfully execute the refinance of the multifamily property in Phoenix, AZ.