Empire Group Of Companies Secures $79.1M Construction Loan From Parkway Bank & Trust For Senior Housing
3380 Scottsdale Road
$79,100,000
Units
226
Asset Type
Senior Housing
Closing
Dec 4, 2025
AI
The asset involved in this transaction is a senior housing property located at 3380 Scottsdale Road, Scottsdale, AZ, consisting of 226 units. The loan amount for this construction project is $79,100,000, provided by Parkway Bank & Trust.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $79,100,000
- Loan Type: Construction
- Lender: Parkway Bank & Trust
- Landlord: Empire Group Of Companies
This transaction represents a collaboration between Parkway Bank & Trust, acting as the lender for the construction financing, and Empire Group Of Companies as the landlord, overseeing the project development.
Players
Scottsdale Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93