MESA, ARIZ. — Scottsdale, Arizona-based Talos Holdings has broken ground on The ONE at Mountain Vista in Mesa, Arizona, which is 19 miles east of Phoenix. Northmarq’s debt and team of Brandon Harrington and Tyler Woodard secured $85.3 million in construction financing for the development, including a $59.2 million senior construction loan from a life insurance company and $26 million of preferred equity from a real estate private equity firm. The combined senior construction loan and preferred equity is 80 percent loan-to-cost. The ONE at Mountain Vista is expected to be completed by fall 2024. The new 345-unit community was designed by Biltform Architecture and is being constructed by EMJ Construction. The property will be managed by Mark-Taylor Residential.