ORIX USA’s Real Estate Investment Strategies Group announced the closing of a $28.5 million first mortgage bridge loan to support Hawkins Companies and Opwest Partners refinance existing construction debt and support the lease-up of Pique Residences located in San Tan Valley, AZ.
“This transaction reflects our ability to deliver flexible capital solutions that align with our clients’ business plans,” said Stephen Klufas, Managing Director, ORIX USA. “By providing a tailored bridge loan, we are enabling Hawkins Companies and Opwest Partners to complete lease-up and maximize asset performance.”
Pique Residences is a multifamily property featuring 103 units. Community amenities include a clubhouse, resort style pool, pickleball courts and more.