Via Empire Group
Town of Paradise Valley Independent
Scottsdale-based real estate developer The Empire Group has recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area.
The company secured over $144 million in bridge loans from Arbor Realty Trust, Inc., retiring construction debt and $21 million in outstanding preferred equity.
Recapitalization refers to the restructuring a project’s financing, often replacing construction loans or equity with long-term debt to reduce costs, increase liquidity and prepare for future growth.
