Porter Kyle, a Scottsdale-based vertically integrated multifamily BTR developer and general contractor, announced the closing of a $28,500,000 refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035 N. Sarival Avenue, Goodyear, Arizona.
The financing was arranged by Northmarq‘s Debt & Equity team, led by Brandon Harrington and Tyler Woodard.
The townhome-style project delivers a modern rental housing option in the high-growth West Valley submarket, where demand for professionally managed, single-family-style communities continues to outpace supply.
“The Cleveland reflects Porter Kyle’s strategy of delivering thoughtfully designed build-to-rent communities in growth markets,” said Taylor Shultz, Partner of Porter Kyle. “Completing construction, achieving strong initial lease-up, and securing long-term financing further positions the asset for success.”
The one- two- and three-bedroom townhomes at The Cleveland feature two-car direct access garages, private backyards, and high-quality interior finishes. Residents also have access to a comprehensive amenity package, including a clubhouse with fitness center, co-working lounge, and private offices, a resort-style pool with outdoor kitchen, a children’s playground, a dog park, and walking trails.
Northmarq’s Harrington, senior vice president, added, “The refinance of The Cleveland underscores the confidence lenders have in both Porter Kyle’s platform and the build-to-rent sector as a whole. The West Valley remains one of the most active and resilient markets in the region.”
Situated in the Canyon Trails neighborhood near I-10, The Cleveland provides easy access to shopping, dining, entertainment, and major job centers, near the spring training facility for Major League Baseball’s Cleveland Guardians. Residents enjoy thoughtfully designed townhomes with upscale finishes, including wood-style flooring, stainless-steel Energy Star appliances, granite countertops, chef-inspired kitchen islands, 10-foot ceilings, and oversized private backyards. Homes are equipped with modern conveniences such as USB outlets, full-size washers and dryers, pet doors, and spacious two-car direct access garages, with floorplans ranging from one- to three-bedrooms.
Strategically located in Goodyear’s West Valley, the community offers a balance of suburban tranquility and prime accessibility, just minutes from I-10 and Loop 303, top grocers like Fry’s and ALDI, coffee spots including Starbucks and Dutch Bros, and shopping and entertainment at The Market at Estrella Falls. Nearby dining options include casual favorites like Chick-fil-A and Panera to sit-down restaurants such as Texas Roadhouse, Oregano’s, and P.F. Chang’s.
