With the story published in Yahoo Finance, but not in our blog, we had to take time to share our excitement for working with the Empire Group to finance the development of 44 Luxury Homes in the Arcadia Neighborhood! Formerly the home of Bakers Nursery, this gorgeous location off of 40th Street and Osborn in Phoenix could not be a more perfect location. These homes are in the perfect area to be close to the Biltmore Shopping Center, Scottsdale Fashion Square, and multiple restaurants that cater to a variety of tastes.
This is not the first time the Empire Group and Capital Fund have worked together though. The Empire Group knew back in early 2015 that Capital Fund was the right choice in financing the acquisition of the land, and could rely on us for our in depth knowledge in land development and homebuilding, as well as our ability to finance quickly thanks to our in house underwriting.
With a team that has over 100 years’ experience with Arizona Real Estate, Capital Fund is a great resource for funding investment properties, but also is an excellent resource to use in all real estate investment situations.
- Loan Amount: $3,500,000
- Interest Rate: 9.9%
- Loan Term: 24 Months
- Asset Type: Ground Up Construction
- Loan Type: Construction