Arixa Capital Provides $74.8 Million Loan for Pine Haven Townhome Development in Flagstaff
Arixa Capital has closed a $74.8 million construction loan to finance the development of Pine Haven, an 83-unit townhome community located in Flagstaff, Arizona. The project is being developed by Red Oak Development Group and aims to address high demand for quality housing in one of Arizona’s most desirable markets. Pine Haven will feature three distinct floor plans with each unit offering three bedrooms, two-and-a-half bathrooms, a two-car garage, and private outdoor living spaces. The development includes 12 residential buildings as well as amenity structures such as a clubhouse and an observation tower across approximately 185,940 square feet. The financing was provided through Arixa’s Pro Builder program, which supports large-scale developments requiring complex capital structures. This loan is part of over $2 billion in projects financed by the firm to date.
Topics: Arizona_real_estate construction_loan housing_market