BTR Daily - July 29, 2026 - Lument provides $73.1M acquisition loan for 334-unit BTR

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NEWS ROUNDUP

FINANCING: Lument provides $73.1 million loan for acquisition of 334-unit BTR. Lument has provided a $73.1 million bridge loan to finance the acquisition of Merrick on Camelback, a 334-unit BTR community in Phoenix, Arizona, by Golden Horizon Enterprises. Arcus Real Estate Capital originated and led the financing on behalf of the borrower, with Andrew Kwok, Principal at Arcus Harbor, highlighting the firm's ability to execute the transaction despite a volatile BTR lending environment. The three-year bridge loan includes two one-year extension options and was closed in just 45 days. Marlowe Moy, Principal at Golden Horizon Enterprises, said the flexible financing will support the firm's plans for the property.

FINANCING: JLL secures $46.8 million construction financing. JLL has arranged a $46.8 million construction loan for a 201-unit BTR in Florida’s Space Coast. JLL’s Max La Cava and Pier Barinci secured the financing.

DEVELOPMENT: Sallee breaks ground on $69 million BTR community. Sallee has broken ground on Flint Trails, a $69 million, 264-home BTR townhome community in Gardner, Kansas. Tyler Sallee, CEO of Sallee, said grading is complete and infrastructure work is underway, with phased vertical construction expected to begin by mid-2027 and the first homes available for lease in spring 2028. Davidson Architecture + Engineering is serving as architect and civil engineer, Emery Sapp & Sons as general contractor and CommunityAmerica Credit Union as financial partner.

DEVELOPMENT: AIM Development completes 62-home rental community in Utah. AIM Development and Construction has completed VALO on Vine, a 62-unit luxury twin-home rental community in Tooele, Utah. Serving as both the developer and general contractor, AIM managed the full development process, including land development, grading, utility infrastructure, vertical construction and community amenities.

READ: 2026 single-family rental index.

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