Updated Dec 14, 2024
Square Mile Capital Management Provides $61.8M Construction Loan For Salt Lake City Multifamily
375 Whitney Avenue
$61,800,000
Units
264
Asset Type
MultiFamily
Closing
Sep 5, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 375 West Whitney Ave in Salt Lake City, UT. It consists of 264 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $61,800,000
- Loan Type: Construction loan
The lender in this transaction is Square Mile Capital Management, while the brokers involved are Marcus & Millichap.
The multifamily loan at 375 Whitney Avenue in Salt Lake City, Utah financed for $61.8M in 2022. Reported inventory is 264 units across 264 units. This page is the Salt Lake City, Utah file for the 375 Whitney Avenue multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Salt Lake City sit in the Market section below. Filter that Salt Lake City multifamily set by closing date to see what else financed near 375 Whitney Avenue around 2022. Published consideration for 375 Whitney Avenue is $61.8M, dated 2022. Cite this Square Mile Capital Management Provides $61.8M Construction Loan For Salt Lake City Multifamily loan when underwriting similar multifamily product around Salt Lake City, Utah.
Players
Salt Lake City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Salt Lake City multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93