Investment Summary

AVILLA DEER VALLEY

Realized

Property Type
Multifamily
Location
Phoenix, AZ
Loan Type
Mezzanine
Loan Purpose
Refinancing
Closing Date
February 2019
Realized
December 2020

Avilla Deer Valley is a newly constructed 125-unit multifamily property of single story attached and detached units located in the Deer Valley submarket of Phoenix, adjacent to major area freeways and employers. The Deer Valley submarket has exhibited population growth and positive multifamily absorption trends. Hillcrest’s mezzanine loan served to refinance the existing construction loan. The property includes a resort style pool, private unit entrances and backyards, a dog park and an electrical vehicle charging station.