Loan Amount: $2,940,000
Developer: Bethel Development, Inc.
The Sonoran Apartments is a proposed 84-unit multifamily development providing 84 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring two and three-bedroom units in eight buildings. It targets low-income families with children, offering community-oriented living. The property is unique for its focus on households with children in a suburban setting.