Just closed on a 32-unit value-add in Phoenix. The bridge debt market is tough right now, but we secured a 6.2% floating rate with a great lender. Anyone else seeing cap rate decompression in the Southwest?
Jordan Smith
Principal, Stonegate Capital
Curated multi-family intelligence and community insights.
Just closed on a 32-unit value-add in Phoenix. The bridge debt market is tough right now, but we secured a 6.2% floating rate with a great lender. Anyone else seeing cap rate decompression in the Southwest?
Jordan Smith
Principal, Stonegate Capital
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