Updated Jan 15, 2026
Hamilton Partners And DbURBAN Communities Secure $82.5M Loan For MultiFamily Properties In Salt Lake City
550 200 South & 205 500 West
$82,500,000
Units
408
Asset Type
MultiFamily
Closing
Jan 14, 2026
About this deal
AI
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.
On the Map
$82,500,000
MultiFamily
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Players
Salt Lake City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93