ACRES Provides $46.7 Million for Multifamily Property in Goodyear, AZACRES Provides $46.7 Million for Multifamily Property in Goodyear, AZ
JULY 31, 2025Loan to fund a 230 Multifamily Property.
Goodyear, AZ (July 31, 2025) – ACRES Capital Corp. (together with its affiliates, “ACRES”) announced today that it has funded a $46.7 million loan to refinance the construction loan of Arrebol Villas, a low-rise, Class-A, 230-unit, multifamily property, located in Goodyear, AZ (the “Property”) on behalf of its Cayman Island Fund. The newly constructed Property is located in the vibrant surroundings of Goodyear, where local attractions like Goodyear Ballpark and State Farm Stadium add excitement to residents’ daily routine. The loan was secured for Isola Communities (the “Sponsor”) and facilitated by Northmarq.
“We’re proud to support Isola Communities in their lease up and stabilization of Arrebol Villas, a premier build-to-rent property in one of Arizona’s fastest-growing markets,” said Mark Fogel, Chief Executive Officer and President of ACRES. “This investment aligns with our strategy of financing high-quality, well-located multifamily assets that meet the growing demand for rental housing in dynamic suburban communities like Goodyear.”
