Virtua Lands Funding for Opportunity Zone Project in Tempe
Virtua Credit has placed a $15 million construction loan for a 90-unit entry-level apartment building in Tempe.
Located at East Broadway Road and South Country Club, the apartment project will include one-, two- and three-bedroom floor plans. It is scheduled to open in September 2020.
Virtua Partners has been on the forefront of opportunity zone development. This is the second construction loan that Virtua Credit has placed for an Opportunity Zone project. The first recently broke ground in Avondale, Arizona, which is also being developed by Virtua Partners.