Builders Capital Provides $39.8M Construction Loan For Multifamily Property In Phoenix, AZ | SEC of Highway 238 & North Loma Road | Builders Capital | Michael "Mike" Guterman | Loan

Summary

Loan

NATIONAL

An 183-unit multifamily property located at the SEC of Highway 238 & North Loma Rd in Phoenix, AZ has been involved in a recent closed transaction.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $39,835,000
Loan Type: Construction
Loan Terms: 80% LTC Non-recourse construction loan

The loan for this transaction was provided by Builders Capital, with Rich D'Agostino representing the lender. The loan amount totaled $39,835,000 and was a construction loan with non-recourse terms. The property's landlord is Matrix Equities.

Representing the deal as the broker is Mike Guterman from Highland Realty Capital.

Players

All
3

Agents
1
Agencies
1
Lenders
1

Michael "Mike" Guterman

Principal

Bellwether Enterprise (BWE)

Builders Capital

Details

Deal Summary

FINANCED

IMAGE: Rich D'Agostino & Mike Guterman DATE: 06/03/2022 ADDRESS: SEC of Highway 238 & North Loma Rd MARKET: Phoenix, AZ ASSET TYPE: Multifamily ~ UNITS: 183 LENDER: Builders Capital - Rich D'Agostino LANDLORD: Matrix Equities BROKER: Mike Guterman - Highland Realty Capital LOAN AMOUNT: $39,835,000 LOAN TYPE: Construction LOAN TERMS: 80% LTC Non-recourse construction loan

View on map

AddressSEC of Highway 238 & North Loma Road

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want