April 26, 2024 2:00 pm
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Trez Capital closes construction financing for Tolleson hotel

AZBigMedia

 

Disclosure: Rose Law Group represents Virtua Partners

AZBigMedia

Trez Capital announced the closing of more than $10MM in financing to Phoenix-based Virtua Partners. This loan will finance a 116-room Fairfield Inn & Suites by Marriott in Tolleson (West Phoenix). Located adjacent to Interstate 10 near North 91st Avenue, the hotel will anchor a 21-acre mixed-use development that will include office, retail, restaurant and 240 units of multifamily space.  

“Tolleson is a thriving employment center in the west Phoenix area that hosts several large commercial and industrial employers and we’re pleased to help fund the Fairfield Inn and Suites to serve both business and leisure travelers,” said John D. Hutchinson, president of Trez Capital. “We have provided commercial real estate financing for numerous projects across Arizona.” 

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