BWE, a national commercial and multifamily mortgage banking company, announced that it has successfully arranged $31.25 million to refinance Cabana Bullard, a multifamily community completed in 2023 and located at the corner of North Bullard Avenue and West Van Buren Street in Goodyear, Arizona.
Based out of the BWE Phoenix office, Charlie Williams, executive vice president, and Matt Terpstra, vice president, originated the three-year, full-term interest only loan with a competitive rate and flexible terms that closely aligned with Greenlight Communities’ business needs. The financing was secured through a well-known, national life company lender.
“I’m pleased we could assist Greenlight,” Williams said. “I have had a long-standing relationship with its principal who has been an important innovator in the Phoenix real estate community for decades.”
According to Terpstra, Greenlight Communities is a best-in-class borrower with a clear and proven commitment to expanding access to attainable housing.
“Cabana Bullard delivers something truly valuable: high-quality homes that are attainable for Arizona’s working families,” Terpstra said. “Even in a crowded development landscape, this property stood out for its thoughtful design and strong lease-up performance. We’re proud to have provided a financing solution that balances speed, flexibility, and strong proceeds – positioning the property for long-term success. At BWE, we’re always excited to back partners who are addressing the nation’s growing demand for attainable housing.”
Located at 14780 W. Van Buren Street, just off I-10 and less than 20 miles from Downtown Phoenix, Cabana Bullard offers studio, one-, and two-bedroom apartments with abundant natural light, well-equipped kitchens, and in-unit washers and dryers. The community includes a range of practical amenities and is conveniently situated near shopping, dining, and major employers.
BWE stands as a national, full-service commercial and multifamily mortgage banking company committed to elevating real estate financing. Putting clients’ goals first, our experienced and trusted advisors offer comprehensive capital solutions by combining enduring debt and equity relationships with unparalleled local market insights across our 40+ offices and national servicing platform.
