**Tower Capital Secures Over $25 Million in Financing for Build-to-Rent Communities in Arizona and Colorado**
Tower Capital has successfully arranged more than $25 million in financing for two Build-to-Rent (BTR) projects in Arizona and Colorado. The financing was secured by Tower Capital’s team, including Kyle McDonough, George Maravilla, David Stull, and Noah Schott, on behalf of the borrowers. The Empire Group is serving as the builder for both projects.
The firm secured $16 million in non-recourse bridge financing for a 47-unit BTR community in the Phoenix metro area. Construction on this project was completed in the second quarter of 2024, and the community has received its final certificate of occupancy. It is currently in the lease-up phase. The development features spacious three-, four-, and five-bedroom units, with an average size of 1,727 square feet. A key amenity is the inclusion of two-car garages with direct access.
Additionally, Tower Capital arranged $9 million in construction financing for a 25-unit BTR townhome community in the Fort Collins metro area.
These financing deals highlight Tower Capital’s continued efforts in supporting the expanding Build-to-Rent sector in the Southwest.
