Tower Capital arranges $79.5M Refinancing for Empire’s 354-unit Village at Bronco Trail Build-to-Rent Community in Phoenix

5/13/2025

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REBusinessOnline

• Subcategory: Capital Markets: Debt, MF: BTR, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Markets: Debt-Refinance, MF: BTR-SFR

• Company: Empire Group, Tower Capital

Tower Capital has arranged $79.5 million to refinance an existing loan for the Village at Bronco Trail, a 354-unit build-to-rent (BTR) community in Phoenix. The sponsor, Scottsdale, Ariz.-based Empire Group, started construction on the project in 2023. Kyle McDonough, George Maravilla, David Stull and Noah Schott of Tower Capital originated the nonrecourse construction financing via a debt fund.