BTR developer Porter Kyle closed a $28.5 million refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035 N. Sarival Avenue, Goodyear, AZ. The financing was arranged by Northmarq’s Debt & Equity team, led by Brandon Harrington and Tyler Woodard. Northmarq’s Harrington added, “The West Valley remains one of the most active and resilient markets in the region.”
The Cleveland completed construction in July 2025 and recently held its grand opening, with 25% of homes already leased. The townhome-style project features one-, two-, and three-bedroom townhomes. The Cleveland features two-car direct-access garages and private, oversized backyards. The amenity package includes a clubhouse with a fitness center, a co-working lounge, and private offices, a resort-style pool with an outdoor kitchen, a children’s playground, a dog park, and walking trails.
Situated in the Canyon Trails neighborhood near I-10, The Cleveland provides easy access to shopping, dining, entertainment, and major job centers. It is near the spring training facility for Major League Baseball’s Cleveland Guardians.
Source: https://www.connectcre.com/stories/goodyear-btr-developer-inks-28-5m-refi/
Mike Boyd