$78.5M construction take-out financing arranged for Tempe multifamily community
United States, Nov. 5 -- JLL Capital Markets announced today that it has arranged $78.5 million in construction take-out financing for The Alyssa, a 335-unit Class A multifamily community in Tempe, Arizona.JLL worked on behalf of the borrower, CrossHarbor Capital Partners, to secure the loan from Corten Real Estate through its senior credit platform.Delivered in 2024, The Alyssa is a four-story community offering studio, one-, two-, and three-bedroom floor plans ranging from 504 to 1,658 square feet with an average unit size of 881 square feet. Unit interiors showcase natural stone countertops, shaker-style cabinetry, wood-style flooring, custom pendant and under-cabinet lighting, stainless steel appliances, 10-foot ceilings in living rooms...
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