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

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FINANCED
$157,500,000
Mo Beler
Keith Kurland
+ 4

Indiana

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Mixed-use26,000 SF
Financed 11/30/2023
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Property Image
FINANCED

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

Mixed-use26,000 SF
Financed 11/30/2023
Mo Beler
Keith Kurland
+ 4
Contact now

Summary

Asset Type:Mixed-use
Price Per Square Foot:$6,057
Total Square Footage:26,000 SF
Transaction Type:Loan

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
193 deals$32.4B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
167 deals$27.1B volume
BROKER

Keith Kurland
Walker & Dunlop
172 deals$29.3B volume
BROKER

Adam Schwartz
Walker & Dunlop
165 deals$25.6B volume(646) 491-8869
BROKER

Mo Beler
Walker & Dunlop
35 deals$6.4B volume
BROKER

Sean Reimer
Walker & Dunlop
47 deals$9.5B volume(646) 221-6437
BROKER

William Herring
Walker & Dunlop
8 deals$1.1B volume
BROKER

Clarion Partners
LENDER

Details

FINANCED
IMAGE: Jonathan Slager, Ben Lowe, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, Sean Reimer & William Herring DATE: 11/30/2023 ADDRESS: 575 South 300 West MARKET: Salt Lake City, UT ASSET TYPE: Mixed-use ~ SF: 26,000 LENDER: Len O'Donnell - Affinius Capital & David J Gilbert - Clarion Partners LANDLORD: Jonathan Slager - Bridge Investment Group & Ben Lowe - Lowe Property Group BROKERS: Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Mo Beler, Sean Reimer & William Herring - Walker & Dunlop LOAN AMOUNT: $157,500,000 LOAN TYPE: Refinance NOTE: Bridge Investment Group and Lowe Property Group secured $157.5 million in refinancing for Post District, a mixed-use development in downtown Salt Lake City.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$157,500,000.00

Monthly NOI$1,050,000.00
Monthly Debt Service$995,507.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00