TUCSON-Nevins Adams Lewbel Schell has refinanced a 300-unit luxury apartment complex here through HUD’s Section 223(a)(7) program. CBRE’s direct HUD FHA lender, CBRE HMF, Inc. provided the $23.7 million loan for Finisterra Apartment Homes.
Located at 6795 East Calle La Paz, Finisterra Apartment Homes offers a mix of one, two and three bedroom units ranging from 670 square feet to 1,300 square feet. Monthly rents range from $750 to $1,089.
Finisterra Apartment Homes is one of three properties that Santa Barbara, CA-based NALS owns in the Tucson area. The firm also owns Sonoran Terraces in Tucson and Saddle Ridge in Oro Valley. In total, NALS’ portfolio consists of more than 14,000 apartment units.
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