The Empire Group positions for long-term growth

Scottsdale-based real estate developer The Empire Group has recapitalized three of its single-family build-to-rent communities across the Phoenix metropolitan area.

The company secured over $144 million in bridge loans from Arbor Realty Trust, Inc., retiring construction debt and $21 million in outstanding preferred equity.

Recapitalization refers to the restructuring a project’s financing, often replacing construction loans or equity with long-term debt to reduce costs, increase liquidity and prepare for future growth.

In a press release, Randy Grudzinski, partner at The Empire Group, said the recapitalizations highlight the strength of the build-to-rent market, support long-term community performance and provide rare liquidity to invest

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