Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest  + Phoenix  + Apartments  | 
newpoint

New Phoenix Multifamily Project Secures $45 Million Refi

NewPoint Real Estate Capital provided the 10-year Fannie Mae loan to refinance a build-to-rent 200-unit community in Phoenix. NewPoint’s John Motzel wasn’t put off by the current economic conditions, “In spite of the climate of rising interest rates, we were able to lock at favorable rates for the borrower with five years of interest only.”

The recently built community has 200 detached apartment homes featuring private backyards, clubhouse, fitness. center, heated pool and spa and controlled entry.

Connect

Inside The Story

John Motzel

About Mike Boyd

  • ◦Financing
AshcroftCapital-04-cube
Money360-10-cube
Chase-12-cube