2021 Top Mortgage Brokers and Lenders
Phoenix & Southwest
Kyle B. McDonough and Adam S. Finkel
Its pipeline of projects spans multiple states including in Arizona, Texas, Alabama, Georgia and Florida.
The company’s origination volume is expected to reach $750 million for 2021 with a goal to become a $1 to 2 billion per year company in the next couple of years.
The firm is active in the following property types: multifamily, build-for-rent SFR, retail, industrial and hospitality.
Tower Capital was co-founded by Kyle McDonough and Adam S. Finkel in 2015 to enable commercial real estate owners to achieve investment goals with the least amount of time, energy, and cost, while creating surety of execution and peace of mind. The customized structured financing they provide spans commercial real estate investors nationally and totals nearly $2 billion since inception. The mortgage brokerage firm remains on the leading edge of Phoenix’s exploding apartment market and an expanding multifamily build-for-rent (BFR) trend that has gained popularity in Phoenix.
The company participated in a wide array of debt and equity placements across asset classes including multifamily, single-family rentals, retail and hotel in 2020. Tower Capital successfully navigated the challenges presented in 2020 by assisting its multifamily clients with lowering interest rates and pulling cash out, while at the same time, continuing to nurture the ongoing single-family build-for-rent development projects. Tower Capital continues to remain active in the BFR segment that is so far producing strong fundamentals. It has successfully closed more than $400 million in financing transactions for BFR product and continues to be a leader in the marketplace with another $1 billion of projects in the pipeline.
These are some of the reasons we selected McDonough and Finkel for inclusion in our first-ever Top Mortgage Brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.