Artemis Realty Capital has recently funded a 6.245MM bridge loan at 65% LTC for Northwest Gardens, a 198-unit Class B community located in northwest Phoenix on 67th Avenue.  The California based investment group acquired the property for 9.005MM and plans to spend 600M on capital expenditures.  With the closing of this loan, Artemis has successfully funded over 6,000 value-add multifamily units in the Southwestern United States.

Transaction and Property Highlights