MF1 Capital Provides $54M Loan For Opal Apartments Multifamily Development In South Salt Lake

The asset involved is a multifamily property with 262 units located at 2600 3800 South in South Salt Lake, UT. The loan amount for this construction project is $54,000,000, facilitated by MF1 Capital.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,000,000
• Market: South Salt Lake, UT
• Lender: MF1 Capital
• Landlord: TPG Angelo Gordon & Timberlane Partners
• Loan Type: Construction

This financing for the Opal apartments was arranged by JLL Capital Markets, representing a venture between TPG Angelo Gordon and Timberlane Partners.