BOLOUR acquisition loan helps finance new, Class A multifamily & retail in the heart of Scottsdale
Old Town Scottsdale, AZ
With its latest land acquisition loan, BOLOUR underscores its desire to lend on strong, infill land sites. Its newest $2.4 million, 12-month term loan allows the borrower time to entitle an approximate .8-acre parking lot for a Class A mixed-use project in the heart of Old Town Scottsdale.
Known for its live-work-play appeal, this metro Phoenix submarket continues to reign as one of the most desirable destinations for young professionals and executives alike.
Following market demand, the development is designed to deliver 83 luxury multifamily units and 7,100 square feet of retail, within this unique Arizona Opportunity Zone.