Darcy Stewart & Grant Marsh Of Bloomington Apartments, LLC Refinance 118-Unit Multifamily In St. George For $24.6M

The property asset involved in this transaction is a multifamily residential complex located at 3061 Bloomington Drive in St. George, Utah, featuring a total of 118 units. The loan amount for this refinance transaction is $24,600,000, facilitated through an FHA Section 223(f) loan arranged by the lender Hudson Realty Capital, with a fixed interest rate of 5.56%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,600,000
• Market: St. George, UT
• Lender: Hudson Realty Capital
• Landlord: Darcy Stewart & Grant Marsh - Bloomington Apartments, LLC
• Loan Type: Refinance
• Units: 118

The key individuals in this transaction include Darcy Stewart and Grant Marsh, who represent Bloomington Apartments, LLC, the landlord for the multifamily property. Hudson Realty Capital played a significant role as the lender, facilitating the refinancing process for this asset.