Bridge Investment Group, Blaser Ventures & Lowe Property Group Secure $170M Fannie Mae Refinance For 580-Unit Apartment Complex In Salt Lake City

The property asset involved is a 580-unit multi-family apartment complex located at 570 South 300 West, Salt Lake City, UT. This transaction involves a refinancing loan amounting to $170,000,000, facilitated by Fannie Mae.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $170,000,000
• Lender: Fannie Mae
• Landlord: Bridge Investment Group, Blaser Ventures & Lowe Property Group
• Broker Representatives: Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly & Jackson Irwin - Walker & Dunlop
• Loan Type: Refinance
• Previous Refinance Amount: $157,500,000
• Previous Refinance Date: November 2023

The transaction was arranged by Walker & Dunlop, representing the landlords in securing the refinancing for Post District. This marks the second refinance for the apartment complex, following the prior refinancing conducted in late 2023.