Multifamily Apartment Building Located in Salt Lake City, Utah.
Project Description
Broadmark Realty Capital is financing phase one of a multifamily apartment building located in Salt Lake City, Utah. The loan will fund the site acquisition and vertical construction of 167 units. The project will include studios, one-bedroom, and two-bedroom units collectively averaging 968 square feet. Each unit will have premium quartz countertops, stainless steel appliances, a balcony/patio, and a washer/dryer.
The seven-story building will include 161,593 square feet of net rentable area, which will include main floor retail, a courtyard, swimming pool, fitness center, elevators, an eighth-floor covered rooftop area, and two floors of garage parking.
Loan Details
Salt Lake City, Utah
October 2020
$25,000,000
Contact Information
Matt Hittson, Central Region
Tom Gunnison, Central Region
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