PRESCOTT VALLEY, AZ – Full-service commercial and multifamily mortgage banking company Bellwether Enterprise Real Estate Capital LLC has closed a more than $74.9 million US Department of HUD 221(d)(4) loan on behalf of developer Fain Signature Group for the construction of a 329-unit luxury multifamily property in downtown Prescott Valley, AZ.
The mid-rise, gated community, Legado Apartments, will feature one-, two- and three-bedroom units with Energy Star appliances, in-unit washers and dryers, and patio/balcony storage. Designed to obtain an Energy Star certification, the community will offer a clubhouse with free Wi-Fi, poolside cabanas and spa, a fitness center, a picnic area, recreation areas with a dog run and dog washing station, electric vehicle charging stations, elevators and a parking garage.
Legado Apartments will also offer a rooftop restaurant and a variety of cafes and retail spaces on the first and sixth floors, which will be open to the public as a part of the Prescott Valley Entertainment District's mixed-use development project.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
