Dwight Capital Refinances Multifamily Property In Salt Lake City For $21.4M

The multifamily property located at 365 Paxton Ave in Salt Lake City has undergone a refinancing transaction. The property consists of 121 units and is situated in the Salt Lake City market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $21,400,000
• Lender: Dwight Capital
• Loan Type: Refinance

In this refinancing deal, Dwight Capital provided a loan amount of $21,400,000 to the owners of the multifamily property. The loan was used to refinance the property, allowing the owners to secure more favorable loan terms and potentially reduce their financial burden. The transaction was completed on 12/13/2022.