PARSE CAPITAL INVESTS $2.3 MILLION OF STRETCH SENIOR DEBT IN PHOENIX, ARIZONA MULTIFAMILY ACQUISITION

March 2015 – Parse Capital (“Parse”) announced the closing of a $2.3 million stretch senior debt investment in the acquisition and rehabilitation of Alchemy – Fairmount Apartments (“Project”), a luxury apartment project in Phoenix, Arizona. Once complete, the project will include ten, one-story garden style residential buildings featuring 26 market-rate units.