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BK-0910597

Featured Closings

Tempe Place

Loan Amount:  $5,750,000
Type of Loan:  Acquisition and Development
Location:  Tempe, AZ                                                                          Full Description:  Acquisition and Development Loan for a mixed use condominium project, consisting of 65 residential units, 20 office units, and community amenities on 3.5 acres with close proximity to Arizona Mills Mall, Arizona State University and four-way freeway access.

Colter Medical/Office Building

Loan Amount:  $7,850,000
Type of Loan:  Refinance/Construction Loan
Location:  Phoenix, AZ                                                                          Full Description:  Refinance and Construction Loan to construct four buildings consisting of 48,000 square feet of medical and office condominiums on 2.9 acres.

Pinnacle

Pinnacle

Loan Amount:  $8,450,000
Type of Loan:  Refinance and Development
Location:  Gaston, NC                                                                          Full Description:  Refinance existing investments on property, develop residential acreage into "superpads', and complete the development of the subdivision of 111 acres with commercial zoning.

Copper Square and Anasazi

 

Loan Amount:  $16,000,000
Type of Loan:  Construction Line of Credit
Location: Albuquerque, NM                                                                   Full Description:  Revolving line of credit to rehabilitate a five story building, consisting of approximately 100,000 gross square feet.  Borrower intends to complete a 48 unit office condominium project.  Also, redevelop a seven story building, consisting of approximately 73,128 gross square feet.  Borrower also intends to complete a 45 residential unit and six office unit condominium

Tuscany Villagio

Loan Amount:  $11,800,000
Type of Loan:  Development and Construction Loan
Location:  Phoenix, AZ                                                                          Full Description:  Borrower intends to construct a total of 74 condominiums using this loan as a revolving line of credit.

Escala at Camelback

Loan Amount:  $8,450,000
Type of Loan:  Refinance and Development Loan
Location:  Phoenix, AZ                                                                          Full Description:  To refinance the subject property, acquire permits, demolition and abatement, and complete land development.

Offices and Parkside

Loan Amount:  $3,000,000
Type of Loan:  Permanent Financing
Location:  Phoenix, AZ                                                                          Full Description:  To refinance the existing construction loan to a permanent loan for the office building.