May 19, 2024 10:18 am
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UrbanStreet Group lands financing for Goodyear SFR project

Photo courtesy of Walker & Dunlop

By Radu Corfus | MultiHousingNews

UrbanStreet Group has received $62 million in construction financing for The Douglas at Goodyear, a 307-unit single-family-rental community in Goodyear, Ariz., in the Phoenix area. Walker & Dunlop Senior Managing Director Pat Dempsey led the team that arranged the 3-year floating-rate loan on behalf of the borrower.

The community will comprise 39 two-story townhomes. Amenities at the property will include a clubhouse, swimming pool, sports court, playground and dog park. The developer acquired the 16.9-acre parcel in March from Blueprint Capital, paying $14.5 million.

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