New Closing of Sonoma Valley Apartments in Apache Junction, AZ
Yong Lee • August 26, 2022
Proud to announce FSO Capital Partners largest acquisition to date with the closing of Sonoma Valley Apartments in Apache Junction, AZ for $44,500,000, $250,000 per unit and $250/sf. This 176 property was built in 2001 and is comprised entirely of two and three bedroom units.
We assumed an existing Fannie Mae loan with a 2.87% interest rate, 49% LTV, almost 3 years of interest only payments left and raised $24.8mm in equity.
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FSO Capital Partners, a real estate private equity firm based in Phoenix, has carried its remarkable momentum from last year into 2023. It recently sold a 52-unit multifamily property in Green Valley, Arizona for $8,000,000 to a California-based buyer. Sheila Hunter, Vice President and Senior Commercial Escrow Officer, in our Scottsdale office, closed this successful transaction. Read more: https://bit.ly/3rVStGm
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