Hamilton Partners And DbURBAN Communities Secure $82.5M Loan For MultiFamily Properties In Salt Lake City

The transaction involves two apartment complexes located at 550 West 200 South & 205 South 500 West in Salt Lake City, UT, categorized as MultiFamily assets with a total of 408 units. The loan amount secured for the properties is $82,500,000, provided by PGIM. Both properties, CINQ and LUMA, were constructed within the last two years and feature a range of unit types and amenities.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $82,500,000
• Lender: PGIM
• Landlord: Hamilton Partners & dbURBAN Communities
• Broker: Northmarq
• Units: 408
• Market: Salt Lake City, UT

Northmarq arranged the financing deal for Hamilton Partners and dbURBAN Communities. This collaboration facilitated the acquisition of the two complexes, emphasizing their recent construction and the amenities designed to attract a diverse range of tenants.