Permanent Loan - Acquisition
- 181 Unit Apartment Complex
- Phoenix, AZ
Axiom Capital Corporation has arranged a $7,030,800 permanent loan for the acquisition of an apartment complex in Phoenix, AZ. The non-recourse loan was for 12 years at a fixed rate with 3 years of interest only.
The subject property features two large courtyard pool areas, a children’s playground, pet friendly units, covered parking as well as recently renovated exteriors and landscaping. The property is well located with convenient access to major thoroughfares (Interstate 10, Interstate 17 and State Highway 60), employment (Amazon Fulfillment Center, Shamrock Foods, UPS Customer Centers, American Fence), higher education (Grand Canyon University, Rio Salado College and Phoenix College) and major retail (West Plaza Shopping Center, Plaza del Sol, Walmart Superstore, CVS, Fry’s Electronic) and recreational options (Ladmo Park, Phoenix Zoo, Chase Field).