Golden Horizons Enterprises Secures $73.1 Million Bridge Loan For Merrick On Camelback In Phoenix
4747 North 99th Avenue
$73,100,000
Units
334
Asset Type
Single Family
Closing
Jul 27, 2026
AI
This transaction involves a 334-unit single-family built-to-rent community located at 4747 North 99th Avenue, Phoenix, AZ. Golden Horizons Enterprises has secured a $73.1 million bridge loan to finance their acquisition of the property, formerly known as Bungalows on Camelback.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $73,100,000
- Lender: James Flynn - Lument
- Landlord: Golden Horizons Enterprises
- Landlord's Representative: Arcus Real Estate Capital
- Loan Type: Bridge
- Loan Terms: 3-year
- Units: 334
- Market: Phoenix, AZ
The bridge loan is structured with a three-year term and includes two one-year extension options. The loan was arranged by Lument, with Arcus Real Estate Capital originating the financing for Golden Horizons Enterprises during their acquisition process.
Players
Phoenix Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93