PCCP Provides $58M Construction Loan for Phoenix-Area Multifamily

JLL Secures $58M in Financing for The Parker on Higley in Phoenix

JLL Capital Markets announced that it has arranged a $58 million financing for The Parker on Higley, a Class A, 261-unit multifamily development in Gilbert, Arizona. JLL worked on behalf of the sponsor, Artom Holdings LLC, in securing a construction loan through PCCP LLC. The Parker on Higley enjoys a strategic location at the northeast […] The post JLL Secures $58M in Financing for The Parker on Higley in Phoenix appeared first on Yield PRO.

PCCP Provides $58M Construction Loan for Phoenix-Area Multifamily

Arton Holdings has secured $58 million in construction financing for The Parker on Higley, a 261-unit multifamily development in Gilbert, Ariz., a suburb of Phoenix. PCCP provided the financing, while a JLL Capital Markets team of Brad Miner and Drew Lydon arranged the financing, according to JLL.   In a statement, Miner spoke to the strength of the Phoenix metropolitan market to attract high-quality tenants, as evidenced by the city’s populatio…