Alpha Development Group And Bow River Capital Secure $58 Million Bridge Loan For Multifamily Projects

The transaction involves two newly completed multifamily communities located at 105 E Turner Mill Rd and 144 E Turner Mill Rd in Heber City, Utah. The total loan amount secured is $58,000,000, and it is categorized as a bridge loan.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $58,000,000
• Lender: ArrowMark Partners
• Landlord: Alpha Development Group & Bow River Capital
• Broker: Jack Tidrick - KeyBank

Alpha Development Group and Bow River Capital have secured financing from ArrowMark Partners, highlighting their strategic move to refinance their multifamily properties in the local market. Jack Tidrick, representing KeyBank, played a role in facilitating this transaction.