Mack Real Estate Credit Strategies, L.P Provides $176.2M Construction Financing For Salt Lake City Multifamily Property

The multifamily property located at 200 S State St in Salt Lake City, UT has recently undergone a closed transaction. The property, owned by Kensington Investment & Company & Cantor Silverstein Opportunity Zone Trust, Inc, obtained a construction financing loan. The loan was provided by Mack Real Estate Credit Strategies, L.P, with a total amount of $176,200,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $176,200,000
• Address: 200 S State St
• Market: Salt Lake City, UT

This transaction highlights the collaboration between Kensington Investment & Company & Cantor Silverstein Opportunity Zone Trust, Inc as the property owners and Mack Real Estate Credit Strategies, L.P as the lender. The construction financing loan will support the development of the multifamily property located at 200 S State St in Salt Lake City, UT.