Paragon Mortgage Corporation is providing $ 18.6 million to HUD 221 (d) (4) for an apartment building in Glendale, Arizona



In 2018, Visiquest Properties purchased the land and made changes to the area to combine 70 vacant lots into a single plot. Together with the lots, the HOA and common areas came under the control. This created a blank slate that allowed the development of the zoned lot P-4 with 96 two-story garden apartments. 20 existing townhouses (circa 1973) along 59th Ave are part of the platform, but not part of the Property. Plans include refurbishing the exterior of the townhouse and all common areas to blend in with the new project, including a new swimming pool, residential center, fencing, landscaping, a pet park and signposts for monuments. For more information on Visiquest and Joel Broder, CEO Visiquest, please visit

“Working with Joel and his Visiquest team has proven that dedication, persistence and hard work pays off. Visiquest looks at real estate differently and 59 Evergreen will be exceptional, ”said Jim Swanson, President of Paragon Mortgage.

Hotel amenities
Constructed to the Bronze National Green Building Standard (NGBS), design features include soundproof party walls, double glazed windows with security locks, solid core barred doors for private entrances, and affordable security systems. 59 Evergreen offers smart home technology, green building certification, beautiful and efficient clean design, 5 open floor plans, cafe, bar, student union, collaboration space, tree room dividers for outdoor events, poolside yoga lawn, a dog park, bag lockers, bike storage, 200 parking spaces and accessible public transport at the front door.

Room amenities
Private balcony / patio, blinds, vinyl flooring, quartz / granite countertops, central heating and air conditioning, walk-in closets, walk-in closets, outside storage rooms, nine-foot ceilings, and full-size washers and dryers. … Kitchen appliances will include refrigerators, a self-cleaning oven with hob, garbage disposal, dishwashers and microwaves. Furnished units available.

About Paragon mortgage
Paragon Mortgage Corporation is an FHA, HUD MAP and LEAN approved mortgage lender that has been exclusively dedicated to HUD insured financing for over 34 years. Headquartered in Phoenix, ArizonaParagon Mortgage is renowned for its highly qualified staff representing decades of HUD / FHA creation, underwriting and loan processing. This experience, combined with Paragons’ longstanding reputation in the industry and relationships in the developer community, has resulted in the closure of more $ 3 billion in FHA insured loans. Paragon Mortgage specializes in FHA insurance loans for various types of projects – multi-family refinancing, acquisitions, new construction, substantial rehabilitation, and retirement housing and healthcare. For more information visit:

Lilla Abegg-Swanson
Deputy President
[email protected]
(602) 347-6726

SOURCE Paragon Mortgage Corporation

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