By Kimlye Stager | Pinal Central
MARICOPA — Area renters may soon have a new option within Maricopa as a new rental development is now in the works.
The development, Honeycutt Run, recently received construction loan backing to build in Maricopa.
According to a press release, Northmarq’s debt and equity team secured a $49.5 million construction loan to develop Honeycutt Run.
It’s a build-to-rent community developed by Bela Flor Communities. The loan was structured at 80% loan-to-cost.