$8,880,000 | Bascom Arizona Ventures, LLC
Dolce Villagio Townhomes | Tempe, AZ
A 37-unit garden style multifamily community centrally located at 202 South Hardy Drive in downtown Tempe within walking distance to Arizona State University’s Main Campus, Phoenix Metro Light Rail, Tempe StreetCar, and Whole Foods. The residences, built in 2007, feature direct access two-car garages, and expansive two and three-bedroom floorplans averaging 1,423 SF.
Loan Type
Refinance Bridge Loan
Capital Provider
Large National Bank
Client Benefits:
- 65% LTV for a value-add acquisition
- 4-year loan with full term IO payments
- LIBOR + 100’s pricing
- Future funding for capital improvements
Stay Informed
Subscribe to stay up to date on current trends in the perm, bridge, and construction lending market based on our real deal experiences and discussions with banks, life companies, debt funds, private lenders, and CMBS lenders.
