Tower Capital Arranges $79.5M Refinancing for Village at Bronco Trail Build-to-Rent Community in Phoenix

Tower Capital Arranges $79.5M in Refinancing for Empire Group BTR Community Village at Bronco Trail in Phoenix

Tower Capital, a national leader in arranging Build-to-Rent (BTR) construction financing, arranged $79.5 million to refinance an existing loan for the Village at Bronco Trail, a 354-unit BTR community in the Phoenix market. The sponsor, Scottsdale, AZ-based Empire Group, commenced construction on the project in 2023. Tower Capital’s Kyle McDonough, Managing Partner and Co-Founder, George […] The post Tower Capital Arranges $79.5M in Refinancing …

Tower Capital Arranges $79.5M Refinancing for Village at Bronco Trail Build-to-Rent Community in Phoenix

PHOENIX — Tower Capital has arranged $79.5 million to refinance an existing loan for the Village at Bronco Trail, a 354-unit build-to-rent (BTR) community in Phoenix. The sponsor, Scottsdale, Ariz.-based Empire Group, started construction on the project in 2023. Kyle McDonough, George Maravilla, David Stull and Noah Schott of Tower Capital originated the nonrecourse construction financing via a debt fund. Situated on 30 acres at 28th Avenue and …

The Rise of Build-to-Rent (BTR) Communities in Virginia | Bean, Kinney & Korman

A record-setting 39,000 single-family rental homes were delivered nationwide in 2024 – nearly six times the pre-pandemic average and clear proof that BTR has jumped from niche to mainstream. The demand for housing across Northern Virginia remains high, but market conditions and evolving consumer preferences are shifting how that demand is met. One asset class that has gained national traction and is now making inroads locally is the Build-to-Ren…

Plans approved for 454-home build-to-rent and co-living scheme in Bath

Plans have been approved for a 454-home build-to-rent and co-living scheme in Bath.