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Square Mile Capital Provides $45M Refinance Loan For Multifamily Property In Tempe, AZ

707 South Farmer Avenue
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This MultiFamily property located in AZ received a loan of $45,000,000 over 2 years ago. The brokers of the deal were Jared Fried, Drew Anderman, and David Bollag

A multifamily property located at 707 S. Farmer Ave in Tempe, AZ was recently involved in a closed transaction. The property has a total square footage of 347,380 and is situated in the Tempe market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $45,000,000

The loan for this transaction was provided by Square Mile Capital. The loan amount was $45,000,000, and it was a refinance loan. The loan terms were structured as 2+1+1+1.

The brokers representing this deal were David Bollag, Drew Anderman, and Jared Fried from Meridian Capital Group.

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Deals
  • Location
    707 S Farmer Ave, Tempe, AZ, USA707 S Farmer Ave, Tempe, AZ, USA
  • Loan Value
    $45,000,000$45,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    3 Brokers, 1 Agency, 1 Lender3 Brokers, 1 Agency, 1 Lender

Agents

Jared Fried

Jared Fried

Deals4
Financed$142M

Agency

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Square Mile Capital

Square Mile Capital

Lender
Deals47
Volume$ 465.2B

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Deal Summary

LOAN IMAGE: David Bollag, Drew Anderman & Jared Fried DATE: 10/05/2021 ADDRESS: 707 S. Farmer Ave. MARKET: Tempe, AZ ASSET TYPE: Multifamily ~ SF: 347,380 LENDER: Square Mile Capital BROKERS: David Bollag (@DaveBollag), Drew Anderman (@DrewAnderman) & Jared Fried - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $45,000,000 LOAN TYPE: Refinance LOAN TERMS: 2+1+1+1

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707 South Farmer Avenue

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