Scottsdale, Arizona — Churchill Commercial Capital, Inc. (Cynthia Hammond, President and Ryan Bailey) has arranged an $2.52 million loan for a private investor to acquire the Harbor View apartment community in Phoenix, AZ. The community is located off of 38th Street and McDowell in Phoenix. The property is 52-units.
Ryan Bailey at Churchill arranged a five-year regular stepdown non-recourse Freddie Mac Small Balance loan with a 4.49% rate.
In a separate transaction, Churchill Commercial Capital, Inc. arranged an $8 million loan for a private investor to acquire the Twillingate and Villa Ventura apartment complexes in Phoenix, AZ. The communities were located off of 19th Ave and Glendale in Phoenix. Villa Ventura is 50-units and Twillingate is 52-units.
Ryan Bailey at Churchill arranged a three-year non-recourse, high leverage, borrower friendly loan with debt fund out of Beverly Hills which has a relatively low floating interest rate loan with a flexible prepayment structure.
Churchill Commercial Capital is an Arizona based commercial mortgage banker actively arranging loans and joint venture equity for commercial and multifamily properties. Established in 1994, Churchill’s lending relationships include major life insurance companies, multifamily agency lenders, specialty finance companies who make bridge loans, investment banks originating loans destined for securitization, and select banks making portfolio loans. Churchill locally services loans on behalf of its correspondent lenders.
For more information, contact Hammond at 602.748.1501