Choice Bank Provides $33.8 Million Construction Loan for BTR Project Near Phoenix

GOODYEAR, ARIZ. — Blue Vista Capital Management and Family Development have obtained $33.8 million in construction financing for Villas Goodyear, a build-to-rent development in Goodyear about 19 miles west of Phoenix. The development is expected to be complete in 2024. JLL Capital Markets represented the joint venture in securing the three-year, fixed-rate loan through Choice Bank. JLL’s team was led by Brian Walsh, Brad Miner and Dave Hunter. Villas Goodyear will comprise 151 one- and two-bedroom single-story units. Amenities will include a pool, fitness center, an outdoor lounge area and a grill area.