Northmarq Phoenix is pleased to announce the sale and financing of Village of Chandler, a 109 unit build to rent community in Chandler, AZ. #justclosed#multifamily#buildtorent
Spotlighting StreetLight’s project The Bergen, a luxury apartment community in Phoenix, AZ. A unique community unlike anything else in the Valley.
Rents range from $8,000-$16,000/mo.
Residents have 24/7 concierge services including running personal errands, and preferred seating at top restaurants
Wine and Whiskey rooms on site
These rents are massive for Phoenix, but I think the project will be a success because A. it is small, 58 units, and B. it is on the hottest intersection in Phoenix next to The Global Ambassador Hotel
If anyone is in a 1031 exchange or looking for a new construction multifamily property in Phoenix we have a $9-10MM deal available. Message me for details.
We just listed the below BTR deal in Chandler, AZ. Chandler is one of the most affluent cities in the Phoenix Metro. The City of Chandler is tough on new multifamily projects so very limited new supply in the pipeline behind this one. Reach out with any questions!
Just listed the below value add community in Phoenix, AZ. Median home prices in this zip code sell for $1MM, this community is priced at $130k/unit. Owner managed, rents below competitive properties. Message me with any questions/interest.
@JaredVidales It is my understanding this will make a permanent financing more challenging. Agencies won’t touch, would have to go local bank or credit union. Higher rate and potentially lower LTV
I am going to be bringing a half built build to rent QOZ townhome project in Surprise, AZ to market in a couple weeks.
42 units almost done with C of Os slated for April-June of this year. Phase 2, 30 units, has slabs being poured right now.
If anyone wants info before we hit the market let me know.