Multifamily Closed

$8.15M Acquisition Closed!

Ladies and Gents, I am very excited to announce that we just closed on The Silver Tree, a 98-unit value add in Phoenix MSA. This was an $8.15M acquisition, requiring a $1.3M renovation. The asset was constructed in 1984, with a great unit mix of Studio, 1×1, 2×1, and 2×2.

This was a private placement with a $3.5M equity raise, and we were able to project a 27% IRR on a 3-year, 17% on a 5-year, and a 14.5% on a 10-year hold. Berkadia facilitated the bridge debt and will execute the refinance into GSE.

Feel free to reach out for more details, or go to this page.

Thank you,



    • Ben Reply

      Thanks, Adam!

  • Ask Cathryn Reply

    That’s fantastic Ben! Congratulations!

    • Ben Reply

      Thank you, Cathryn!

  • Diana Reply

    Congratulations Ben! I’m continuing to work through CFFU and drilling down on the analytical part of real estate! Thanks Ben! Diana

    • Ben Reply

      Thanks so much, Diana! Feel free to reach out 🙂

  • Jason Mittenzwey Reply

    Congratulations!! That’s amazing

    • Ben Reply

      Thanks, Jason. It’s pretty fantastic!

  • brian jones Reply

    Congradulations Ben, Good Job

    • Ben Reply

      Thank you, Brian!

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