Tower Capital arranged more than $25 million in financing for two different projects in Arizona and Colorado that will go to two Build-to-Rent (BTR) communities. Tower Capital’s Kyle McDonough, George Maravilla, David Stull, and Noah Schott originated the financing on behalf of the the borrowers. The Empire Group is the builder.
Tower Capital arranged $16 million in non-recourse bridge financing for a 47-unit build-to-rent community in the Phoenix MSA. Construction was completed on the project in Q2 2024, which received its final certificate of occupancy, and is currently in lease-up phase. Â
The project features a unique and in-demand mix of large three-, four-, and five-bedroom units. An attractive amenity at the community are spacious two-car garages with direct access. The average unit size for the project is an 1,727 square feet.
Tower Capital also arranged $9 million in construction financing for a 25-unit build-to-rent townhome community in the Fort Collins MSA.
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The post Tower Capital Arranges Financing for Two SW BTR Communities appeared first on Connect CRE.
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