PARSE CAPITAL MAKES $5.0 MILLION STRETCH SENIOR DEBT INVESTMENT IN TEMPE, ARIZONA MULTIFAMILY AQUISITION

April 2015 – Parse Capital (“Parse”) has made a $5.0 million stretch senior debt investment in the acquisition and rehabilitation of Alchemy – Palm Terrace Apartments (“Project”), a luxury apartment project in Tempe, Arizona. Once complete, the project will include three, two-story garden style residential buildings consisting of 44 market-rate units.