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North River, Amzak Capital Supply $55M Construction Loan on Arizona Build-to-Rent Community

Summary by Commercial Observer
Empire Group has secured $55 million of construction financing for its planned build-to-rent (BTR) development in suburban Phoenix, Commercial Observer has learned. North River Partners and Amzak Capital Management provided the loan on the developer’s Village at San Tan project in Queen Creek, Ariz., its 16th BTR community to be built in the Phoenix region. The VTR community is slated for completion in summer 2026.   “The build-for-rent model ha…
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