Updated Jul 28, 2026
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
About this deal
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.
On the Map
$73,100,000
Single Family
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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