WAY Capital, Inc.的动态

LOAN Learn More: https://lnkd.in/gsv3Z4aJ IMAGE: Malcolm Davies, Randy Bury, Zachary Novatt & RJ Opeka DATE: 11/01/2024 ADDRESS: 7720 South Rocking K Ranch Loop MARKET: Tucson ASSET TYPE: Built-To-Rent Community ~ SF: 210,784 ~ UNITS: 224 LENDER: Zach Novatt - Calmwater Capital LANDLORD: Randy Bury - MODERNE Communities BROKERS: Malcolm Davies & RJ Opeka - WAY Capital, Inc. LOAN AMOUNT: $41,100,000 LOAN TYPE: Refinance LOAN TERMS: Two years NOTE FROM LANDLORD: The two-year senior loan is secured by Moderne at Rocking K (“Moderne”) located in the master planned community of Rocking K, 22 miles southeast of Downtown Tucson. Delivered in two stages between November 2023 and September 2024, the 17.1-acre community features 224 single-story, single-family rentable homes offering a mix of one-, two-and three-bedroom floorplans. Each home features open-concept living areas, private yard, and nine-foot ceilings. Community amenities include beach entry pool and spa, pickleball courts, barbecue and firepit area and fitness center. Moderne saw tremendous lease-up velocity after the first phase was delivered as renters appreciated the opportunity to live in a home without the cost burden of home ownership. Now that all units are online, the property aims to achieve stabilized occupancy levels early next year.” #LosAngeles #RealEstate #tradedla #LA #LosAngelesRealEstate #California #LARealEstate #CaliRealEstate #TradedPartner #Tucson #BuiltToRentCommunity #MalcolmDavies #RJOpeka #WAYCapital #RandyBury #ModerneCommunities #CalmwaterCapital