Phoenix BTR Investor Inks $73.1M Bridge Loan

Golden Horizons Enterprises inked a $73.1 bridge loan on Merrick on Camelback, a 334-unit built-to-rent community in Phoenix, Arizona. The financing was arranged by Lument and originated by Arcus Real Estate Capital. The bridge loan has a three-year term with two one-year extension options. Golden Horizon Enterprises recently paid $112.5 million for what was then called Bungalows...