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Värde Partners closes $65.5M refi for Phoenix build-to-rent community
The loan refinances Village at Sonoran Vista, a 240-unit single-family rental project with lease-up completed in January 2026.
ConnectCRE reports Värde Partners closed on a $65.5 million loan to refinance Village at Sonoran Vista, a newly delivered build-to-rent community in Phoenix, Arizona.
The financing was provided to the Empire Group to support lease-up of the 240-unit community of single-family rental homes, a process that was completed in January 2026, according to ConnectCRE.
The loan is floating-rate, with a three-year initial term and two one-year extension options, ConnectCRE said.
The project sits on about 34 acres in the Deer Valley submarket, within three miles of Taiwan Semiconductor Manufacturing Company’s Arizona semiconductor campus, per ConnectCRE.