Recent Project Highlights

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Check out some of our recent closings…

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902-930 E Broadway Blvd, Tucson, AZ

Property Type: Land
Property Subtype: Multifamily
Total Size: ~3.74 acres (163,081 sf)
Location: 0.50 Miles South of the University of Arizona; NE corner of Broadway Blvd and Park Ave
Development Plan: purchase, refinance, site preparation, and final assemblage of 14 parcels totaling +/- 3.74 acres (163,081 sf); Borrower currently owns 7 of the 14 parcels and is purchasing the remaining seven from the City of Tucson. The 14 parcels will be assembled and prepped for the sale to a future multi -family developer.

4039 E Earll Dr, Phoenix, AZ 85018, April 2022

Property Type: Residential
Proposed Use: Single-family home
Total Lot Size: 9,875 sqft lot
Location: 35th Avenue and Grand Avenues, Very heavily travelled intersection;13.4 mi for Sky Harbor; 1.5 Miles from I-10 and 2.0 Miles from I-17

Development Plan: The borrower will be adding approximately 1,640 additional square footage to this residence brining the total square footage to 3,000 and completely renovating the site (new plumbing, cosmetic lifts, framing, baseboards, etc.); estimated completion August 2022.

3522 Grand Avenue, Phoenix AZ,
April 2022

Property Type: Land (C-3) + 3,600 sq. ft building with income (renovated 2019)
Property Subtype: Commercial
Proposed Use: Retail
Total Lot Size: 1.57 AC (68,389 sq. ft)
Location: 35th Avenue and Grand Avenues, Very heavily travelled intersection;13.4 mi for Sky Harbor; 1.5 Miles from I-10 and 2.0 Miles from I-17

305 S. Hobson, Mesa, AZ, May 2022

Property Type: Existing multifamily building
Property Subtype: Commercial, 6-Plex
Total Size: ~2,400-sqft building (0.21-acre / 9,148-sqft lot)
Location: Originally constructed in 1950, these units lie in the heart of suburban Mesa, with major access to major freeways and light rail system; Phoenix/Mesa airport sits 20 miles southeast, along with many golf courses, country clubs, parks, museums and new restaurants.
Development Plan: The borrower tends to renovate (electrical, HVAC, washer dryer, etc.) the existing six, single story, one-bedroom / one-bath units (~400 square feet).

2636-2656 E. Ginter Road & 2681-2701 E. Wieding Road Tucson AZ 85705, May 2022

Property Type: Industrial
Property Subtype: Tenants TBD
Total Size: four (4) 10,000sf industrial buildings (lot 1.07 acres)
Location: The subject property is .75 miles from the Tucson International Airport, 3 miles from Desert Diamond Casino, and 15 miles from Saguaro National Park.
Development Plan: The lot was purchased March 2021; the borrowers have since improved the parcels and begun construction on the two southern pads; the borrower intends to build four 10,000 sqft industrial buildings; Approximately 630 sf of Office Space with two restrooms for each 5,000 sf suite. Buildings are 24’ eve height and each suite has two 14’ w X 16’ h rollup doors; the pads will be leased upon competition of construction

10177 E. Joy Ranch Road, Scottsdale, Arizona 85262, June 2022

Property Type: Residential
Property Subtype: Single Family Home
Total Size: 4,726-sf home (1.01 acre lot)
Location: The subject property is .Desert Mountain Private Community & Golf Club, a gated community located in North Scottsdale; it is just at the edge of Tonto National Forrest and 35 miles from Lake Pleasant.
Development Plan: The refinance and continued construction of a residential home; currently fully framed with rough plumbing and rough electric installed; loan proceeds will go toward construction of garage doors, fixtures, windows, etc.; estimated delivery date December 2022

7801 AZ-69, Prescott Valley, AZ, June 2022

Property Type: Existing building Super 8 Prescott Valley
Property Subtype: Commercial, Hospitality
Total Size: 28,825-sqft hotel building (1.89-acre lot)
Location: south of E. State Route 69; 3.5 mi from Stone Ridge Golf Course in Prescott; surrounded by several retail strip malls featuring a Big-O-Tires, Safeway, CVS, and several restaurants.
Development Plan: the Developer will be adding 3 rooms to bring the total to 60 rooms post renovation and change operation to Sleep Inn by Choice Hotel or a Best Western Signature hotel.

20 South Main Street, Florence, AZ, June 2022

Property Type: Land + existing building
Property Subtype: Retail
Total Size: 2,502-sqft building (0.36-acre lot)
Location: Heart of Florence on Main street; surrounded by Florence high school, the Arizona state prison complex + correctional center, Pima county state hall; the population within a 5-mile radius of the subject property is 22,500 people with an average household income of $59,163 who own and/or operate ~280 businesses.
Development Plan: Previously owned / operated as a Circle K, the borrowers plan to improve the existing building for new tenant: Empower Physical Therapy.

3445 N 36th Street Phoenix, AZ, July 2022

Property Type: Multifamily
Total Size: 2 bed/1 bath; 780-square feet
Location: The subject property is at the corner of Osborne Rd. & 36th Street; it’s an easy commute to Downtown Phoenix, Old Town Scottsdale, Sky Harbor Airport, shopping, and dining.
Development Plan: This 55-unit multifamiliy complex is in the coveted Arcadia Lite area of Phoenix; not only is there a community pool + grill, but the new apartment will feature stainless steel appliances, a stacked washer & dryer, crown molding, & tile floors throughout!

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