ABP Capital financed an acquisition loan for a condominium complex in Phoenix, AZ. The property consist of 90 condominium units within a 312-unit residential condominium complex located at the intersection of Cactus Road & Tatum Boulevard in Phoenix. Collectively, the subject consists of 93,239 SF with an average unit size of 1,036 SF. Upon acquisition, the sponsor will renovate the subject to include granite kitchen countertops, new kitchen hardware, and hard surface flooring in the living rooms.
Acquisition
$10,276,942
Phoenix, AZ |
Multifamily - Condominium