Venture on Broadway

• 65-75% ($1,852,000-$2,167,500) Loan
• 25-35% ($250,000-$1,500,000) Preferred Equity Capital from Offering

After the property has been upgraded and stabilized, we expect the property to sell for approximately $3,200,000 within 24 months.

The property is within two miles of Arizona State University and five miles from the Phoenix Sky Harbor Airport. It is also less than ten miles away from the Scottsdale Fashion Square and Downtown Phoenix. According to a traffic count done in 2018, Broadway Road sees an average of 37,338 vehicles per day and more than 13.5 million a year which will only increase as more housing is being developed in the area.

Mill Avenue in Tempe

Tempe's most well-known street since the late 1800s is a three-mile stretch on the west side of ASU's Campus. Employing over 9,000 people, Mill Avenue has numerous bars, restaurants, shops, a movie theatre, and more. Multiple times a year Mill Avenue closes down for art festivals and holiday parades attracting students, locals, and visitors.

Over the past 130 years, Mill Avenue has expanded into a diverse retreat that, just like Tempe, embraces the past and the present. In the 25 years, annual sales in Tempe have risen from $12 million to $160 million as 3 million square feet of new retail, restaurant, office, and residential space have been built along the street.

Mill Avenue is a place for people from all around to come together to enjoy events, meet up with friends, and enjoy Arizona culture. It attracts over 2 million visitors each year bringing an economic boost to the university town. 

Novus Innovation Corridor

First announced in 2015 with much fanfare but little detail, the development partnership between Arizona State University and Catellus to recreate 330 acres near the university's Tempe Campus, centered at roughly at Rural Road and University Drive and radiating outward, has since become one of the most long-vision and high-dollar in-process master plans in Arizona history.

Planned to spend $20 Billion in construction and development costs over a 30-year time span, the Novus Innovation Corridor will completely remake the area, with a host of new athletic facilities, university program developments, office space, residential, hotel, entertainment, and restaurant offerings.

Tempe Town Lake

Since the first waters flowed into its manmade reservoir in 1999, Tempe Town Lake has exceeded even the most ambitious initial development plans. Today, in addition to convenient recreation outlets, the spot provides a workspace for more than 40,000 employees within one mile and includes such nationally recognized developments as Marina Heights, Hayden Ferry Lakeside, I.D.E.A. Tempe, Papago Gateway Center and Watermark. Notable and globally recognized businesses making their home along Tempe Town Lake include State Farm, Parsons Brinckerhoff, KPMG, and Fidelity National Title.

Arizona State University

ASU is one of the largest public universities by enrollment in the U.S. As of the fall 2019 semester, the university had over 100,000 total students attending classes across its five campuses, which included 62,186 undergraduate and 12,692 postgraduate students attending traditional classes. An additional approximate 30,000 plus students also attended exclusively online classes. The university is organized into 17 colleges, featuring more than 170 cross-disciplinary centers and institutes. ASU offers 350 degree options for undergraduates students, as well as more than 400 graduate degree and certificate programs.

ASU's Tempe campus is in downtown Tempe, Arizona, about eight miles (13 km) east of downtown Phoenix. The campus is considered urban and is approximately 660 acres (2.7 km2) in size. The facilities are arranged around broad pedestrian malls and are completely encompassed by an arboretum. The Tempe campus is also the largest of ASU’s four physical campuses, with more than 70,000 students enrolled in at least one class at this location in the fall 2017 semester. The campus is considered to range from the streets Rural Road on the east to Mill Avenue on the west, and Apache Boulevard on the south to Rio Salado Parkway on the north.

Valley Metro Light Rail

Valley Metro Rail is a public, nonprofit regional organization with five-member cities – Phoenix, Tempe, Mesa, Glendale, and Chandler. It is responsible for the development and operation of the region’s high-capacity transit system.

As one of the country’s fastest-growing metropolitan areas, the Valley of the Sun has a critical need for an expanded transit network. An additional 40 miles are in various phases of planning, design, or construction. Light rail serves as an important link between communities. Thousands of riders use it to connect to work, school, and entertainment. It stimulates economic growth and revitalization for the region. The future of transit in the Valley is the future of the Valley itself.