By Angela Gonzales | Phoenix Business Journal
After originating more than $3.5 billion in commercial real estate loans over the past 10 years, Scottsdale-based Tower Capital is closing its doors.
Some competitors had reached out to acquire Tower Capital last year, which got the owners thinking about what’s next for them, said Kyle McDonough, co-founder of Tower Capital.
When McDonough and Adam Finkel, the firm’s other co-founder, started talking about which company would acquire Tower Capital, they realized the team might not all move over together, Finkel said.
