REBusinessOnline

Cavan Cos. Receives $62M Construction Loan for Multifamily Project in Glendale, Arizona

GLENDALE, ARIZ. — Cavan Cos. has received a $62 million construction loan for the development of Bungalows on Cotton Lane, a built-to-rent community in Glendale.

Jeremy Korer and Kristian Brown of Cushman & Wakefield’s Equity, Debt & Structured Finance Group in Phoenix arranged the financing for the borrower, while ACRES Capital originated the financing.

Situated on 35 acres, the gated community will feature 336 single-story one-, two- and three-bedroom residences and more than 850 parking spaces.

Content Partners
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

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