De Anza Properties Secures $78M Loan For Multifamily Property At 360 State Street In Orem, UT

De Anza Properties has secured a $78 million financing deal for its Multifamily property located at 360 State Street in Orem, UT. The property consists of 494 units and is part of the Salt Lake City Midtown 360 development.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $78,000,000
• Address: 360 State Street, Orem, UT
• Market: Orem, UT
• Units: 494

The financing for the property was arranged by John Bradshaw of NorthMarq, who represented De Anza Properties in the deal. The loan was arranged through NorthMarq's Fannie Mae DUS platform and is a permanent fixed-rate loan.