NXT Capital Funds Phoenix Apartment Buy
The finance group provides $21 million for the acquisition of Enclave at Paradise Valley, a 174-unit, Class-B apartment community.
NXT Capital has provided a $21million acquisition loan for the acquisition of the Enclave at Paradise Valley. The property is a class-B apartment community in a suburb of Phoenix.
Enclave at Paradise Valley features a fitness center, clubhouse, business center, BBQ area with picnic tables, pool, hot tub and covered parking. It is located near Stonecreek Golf Club and Paradise Valley Mall.
Mark Schulder in the New York City office of BlueGate Partners placed the loan with NXT Capital. The terms of the deal were not disclosed.