Midtown Capital Secures $31.5 Million Bridge Loan For 149-Unit Multifamily At 11 800 West

The asset involved in this transaction is a multifamily property located at 11 800 West in Salt Lake City, featuring 149 units and a total square footage of 86,891. The loan amount secured for this property is $31,500,000, structured as a two-year floating rate bridge loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,500,000
• Asset Address: 11 800 West
• Market: Salt Lake City
• Units: 149
• Total Square Footage: 86,891
• Lender: RMWC
• Landlord: Midtown Capital
• Brokers: Mitch Sinberg, Scott Wadler, Matthew Robbins, Patrick Johnson & Brad Williamson - Berkadia
• Loan Type: Bridge
• Loan Terms: Two-year floating rate bridge loan

This transaction was facilitated by a team of brokers from Berkadia, including Mitch Sinberg, Scott Wadler, Matthew Robbins, Patrick Johnson, and Brad Williamson, who collectively represented the interests involved in this closed deal.