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

Summary

Loan

UTAH

MultiFamily

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.

Players

All
2

Agents
1
Agencies
1

John Bradshaw

Executive Vice President/ Regional Managing Director

NorthMarq

Details

Deal Summary

FINANCED

IMAGE: John Bradshaw DATE: 01/19/2024 ADDRESS: 360 State Street MARKET: Orem, UT ASSET TYPE: Multifamily ~ UNITS: 494 LANDLORD: De Anza Properties BROKER: John Bradshaw - NorthMarq (@Northmarq) LOAN AMOUNT: $78,000,000 NOTE: De Anza Properties has secured a $78 million financing deal for its Salt Lake City Midtown 360 property, with Northmarq arranging the permanent fixed-rate loan through its Fannie Mae DUS platform.

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Address360 State Street

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