The Vibe on Thomas Apartments in Phoenix, AZ

[Zach Haptonstall]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Phoenix.

Purchase price: $14,200,000
Cash invested: $5,300,000

THE VIBE ON THOMAS
100 UNITS
Phoenix, AZ
​
Acquisition Date : April 2021
Purchase Price : $14.2M
Down Payment and Renovation Costs : $5.3M
Loan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge Loan
Deal Structure : 506(B) Syndication
Unit Mix : 62 1BR/1BA | 37 STUDIO | 1 2BR/1BA
Projected Hold : 1-2 Years