**Developer Duo Secures $64.3M Refinancing for Phoenix-Area Build-to-Rent Communities**
JLL Capital Markets has secured refinancing totaling $64.3 million for two newly constructed luxury build-to-rent (BTR) communities located in Phoenix’s West Valley. The financing includes a $33.05 million loan for Villas Litchfield and a $31.25 million loan for Villas Goodyear.
JLL represented the borrower, an affiliate of Blue Vista Capital Management, LLC and Family Development, in arranging the loans with ORIX Corporation.
Both communities were completed with the delivery of final units in 2025. Villas Litchfield, located in Litchfield Park, comprises 153 single-story villa-style homes, while Villas Goodyear features 151 similar units. Each home is equipped with a private enclosed backyard featuring green turf, stainless steel appliances, and in-unit washers and dryers.
Amenities at both communities include swimming pools, 24-hour fitness centers, dog parks with no breed or weight restrictions, organic community gardens with citrus trees, EV charging stations, and grilling stations outfitted with stainless steel grills.
Both properties are professionally managed by Greystar.
