The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Luxury Res Development Will Be the Envy of Scottsdale

12/17/14

Deco Communities has obtained $19.75 mil in construction financing for the development of Envy, an 89-home, luxury mid-rise condominium project in downtown Scottsdale’s Entertainment District. The non-recourse loan was arranged by Bryan Clark of HFF and funded by a commercial bank.

Envy will be situated on a one-acre site at 4422 North 75th St, near the intersection of Camelback and Scottsdale Roads. Slated for completion in the spring of 2016, the 89 for-sale residences will feature a variety of one- and two-bedroom floor plans. The eight-story property will provide panoramic city and mountain views and is set to include amenities such as a 4.5k sf, state-of-the-art fitness center with lounge and juice bar, mezzanine lounging area, underground parking, resort-style swimming pool and spa, bicycle storage, electric car charging stations and concierge service.

The floating-rate loan was priced above LIBOR with a floor of 4.25 percent and did not have a pre-sale requirement. HFF also arranged $14 mil in joint venture equity for the project on behalf of the borrower in a separate transaction earlier this year.






Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media