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October 12, 2020 Comments (0) Views: 574 Phoenix, Phoenix & Southwest News, Top Phoenix

Wealhouse, Western Wealth JV Secures $82M for Metro PHX MF Portfolio

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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.

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