Construction loan for The Village at Pioneer Park

By AZRE

Commercial real estate finance firm Tower Capital successfully arranged a construction loan for The Village at Pioneer Park, a new single-family rental community to be built in Peoria, Ariz. Tower Capital represented the Scottsdale-based real estate developer, The Empire Group.

The horizontal apartment project consists of 332 units and will sit on 30.2 acres. The units will average 950 square feet and will have premium countertops, stainless steel appliances, 10-foot ceilings, walk-in closets, smart home technologies and private yards. The community will feature detached garages, a designer workout facility, a resort-style pool and spa, a dog park and gated entrance.

The Village at Pioneer Park will be located in Peoria at 83rd and Olive avenues. Construction is scheduled to be completed in 2022.

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