The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 3, 2023
 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?



FINANCING NEWS
Printer-friendly Version   Email an Associate
InTrust Property Group Locks Up $16.6 Mil Refi on Phoenix Res Property

7/31/23

InTrust Property Group has obtained $16.575 mil in financing for Sunset Sound Apartments, a 237-unit, garden-style apartment complex in Phoenix. The property is located at 2307 2323 East Van Buren St, just east of I-10.

Built in 1977, Sunset Sound Studio Apartments has been renovated to include upgraded amenities like a new resort-style pool and fitness center. Additionally, 54 units have been upgraded with premium finishes, providing tenants an affordable place to live.

Bruce Francis, Shaun Moothart, Doug Birrell, Bob Ybarra, Nick Santangelo and Jim Korinek with CBRE Capital Markets' Debt and Structured Finance team secured the non-recourse fixed-rate cash out refinance through Freddie Mac, on behalf of the owner.

"InTrust Property Group successfully implemented a business plan that completely transformed the asset by providing significant upgrades to the interior and exterior of the building and enhanced amenities for its residents," said Moothart. "This is a great example of creating value by way of investing in and significantly improving the quality of a project while offering much needed affordable housing for the community."




Return to the previous 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 © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media