Rise on Peoria Apartments
Investment Info:
Large multi-family (5+ units) buy & hold investment in Phoenix.
Purchase price: $28,700,000
Cash invested: $9,100,000
Rise on Peoria
Acquisition Date : April 2021
Purchase Price : $28.7M
Down Payment and Renovation Costs : $9.1M
Loan : 3-Yr Adjustable Interest Rate, Non-Recourse Bridge Loan
Deal Structure : 506(B) Syndication
Unit Mix : 96 1BR/1BA | 36 2BR/2BA | 32 2BR/1BA
Projected Hold : 2-5 Years
