Investor Duo Lands Refi for 389-Unit Phoenix Rental Property
Bridge Investment Group and Hatteras Sky inked a $130 million bridge refinance for SAIYA, a newly built, 389-home, Class A mixed-use development located in Downtown Phoenix’s Roosevelt Row Arts District. Dwight Investment Management, an affiliate of Dwight Capital originated the financing.
Completed in 2025, the 23-story high-rise offers a mix of studios, one-, two-, and three-bedroom units. The property also features 12,550 square feet of ground-floor retail space, including Pablo’s restaurant and lounge and Yvree, an integrated wellness studio. Both concepts are expected to open later this fall.
Residents have access to an extensive amenity package, including a two-story fitness center, club room, rooftop lounge with kitchen and bar, rooftop and amenity deck pools, outdoor entertainment areas, and a dedicated dog park.
Loan proceeds were used to repay existing debt, cover loan transaction costs, and fund an interest reserve. Dwight’s Brandon Baksh, Tommy Ng, and Talisse Thompson originated the financing on behalf of the borrowers.
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Brokers
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Remax Professionals
Re/Max Real Estate Professionals | New York
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout