Empire Lands $65.5M Refi on Phoenix BTR Community

Värde Partners closed on a $65.5 million loan to refinance Village at Sonoran Vista, a newly delivered build-to-rent community in Phoenix, Arizona. The financing was provided to the Empire Group to support the lease-up of the 240-unit community of single-family rental homes, which was completed in January 2026. The floating-rate loan, has a three-year initial term...