Calmwater Capital Supplies $41M Refi for Arizona Build-to-Rent Community
Moderne Communities has sealed a $41.1 million loan to refinance an Arizona build-to-rent community, Commercial Observer has learned. Calmwater Capital provided the two-year senior loan on the sponsorship’s newly built Moderne at Rocking K project in Vail, Ariz., southeast of Tucson. The 17.1-acre development in and around 7720 South Rocking K Ranch Loop consists of…