Loan Amount: $680,000
Developer: Gorman & Company, Inc.
Cochise Garden Apartments is a 56-unit, two-story multifamily property in Phoenix, Arizona, with all units restricted at 50% AMI. The property has undergone renovation, including upgrades to all major systems, and features a pool, playground, laundry room, and gated courtyard. The project is recognized for its deep affordability, strong management, and comprehensive renovation plan.