**Northmarq Arranges $30M Sale and Financing for Solana Place at Carlton Commons in Casa Grande**
Northmarq’s Phoenix Multifamily Investment Sales team has arranged the $30 million sale of Solana Place at Carlton Commons, a newly constructed 113-unit build-to-rent (BTR) community located in Casa Grande, Arizona. The sales team — comprised of Trevor Koskovich, Jesse Hudson, Ryan Boyle, and Logan Baca — represented the seller, D.R. Horton, the largest homebuilder in the United States.
The buyer, CALCAP Advisors, secured $21.75 million in acquisition financing through Northmarq’s in-house Fannie Mae DUS platform. The financing was arranged by Griffin Martin of Northmarq’s Debt + Equity team.
“This transaction involved numerous moving parts, including a construction post-close and a hard closing deadline,” said Martin.
Completed in 2023, Solana Place offers spacious three- and four-bedroom homes averaging 1,381 square feet. Each home is designed with private backyards, individual driveways, and direct-access garages, delivering a single-family living experience within a rental community.
Located at 18 S. Boniface Lane in Casa Grande, the community is strategically positioned at the intersection of Interstate 10 and Interstate 8, offering convenient access to Phoenix, Tucson, and Southern California.
