October 12, 2020
A partnership between Wealhouse Capital and Western Wealth Capital secured $81.5 million to refinance a four-property, multi-housing portfolio in Metro Phoenix. The portfolio includes Artisan Park, Sierra Walk, Summers Point in Glendale, and Glenrosa Park in Phoenix.
The seven-year, floating-rate loans were arranged by JLL Capital Markets’ Josh Simon and Brad Miner through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC.
The properties include:
– The Artisan Park apartments, located at 9350 N. 67th Ave., are newly renovated and consist of 198 units.
– The Sierra Walk apartment homes are located at 4748 W. Sierra Vista Dr., and total 196 units.
– The modern-style Summers Point apartments are located at 4441 W. Bethany Home Rd. and contain 164 units.
– The Glenrosa Park apartments are located at 4337 N. 53rd Ln. in Phoenix and total 236 units.
For comments, questions or concerns, please contact Dennis Kaiser