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575 South 300 West

Bridge Investment Group And Lowe Property Group Refinance Post District In Salt Lake City For $157.5M
FINANCEDMixed-use

Bridge Investment Group And Lowe Property Group Refinance Post District In Salt Lake City For $157.5M

$157,500,000

$6,057/SF

Building Size

26,000 SF

Asset Type

Mixed-use

Closing

Nov 30, 2023

AI

Bridge Investment Group and Lowe Property Group have secured $157.5 million in refinancing for Post District, a mixed-use development located at 575 South 300 West in downtown Salt Lake City, UT. The property spans 26,000 square feet and includes a variety of uses.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $157,500,000
  • Address: 575 South 300 West, Salt Lake City, UT
  • Market: Salt Lake City, UT

The loan for the refinancing was provided by Len O'Donnell from Affinius Capital and David J Gilbert from Clarion Partners. The landlord for the property is Jonathan Slager from Bridge Investment Group and Ben Lowe from Lowe Property Group. The brokers involved in the deal are Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Mo Beler, Sean Reimer, and William Herring from Walker & Dunlop.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker
Clarion Partners
Clarion PartnersLender

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93