Updated Aug 25, 2026
SCS Multifamily Secures $30.4 Million Construction Loan For 165-Unit Brigham Lofts In Utah
747 Main Street
$30,400,000
Units
165
Asset Type
MultiFamily
Closing
Aug 18, 2026
About this deal
AI
The asset involved in this transaction is a multi-family property located at 747 South Main Street, Brigham City, UT. The property comprises 165 units and is categorized as a luxury apartment community. A construction loan was arranged for this development.
Summary of transaction details:
- Property Type: Multi-Family
- Transaction Amount: $30,400,000
- Loan Type: Construction
- Landlord: SCS Multifamily
- Market: Brigham City, UT
- Broker Representatives: Keegan Burger & Ben Applebaum - Concord Summit Capital
- Loan Date: 08/18/2026
Concord Summit Capital played a pivotal role in facilitating the construction loan for SCS Multifamily's Brigham Lofts project, enhancing their portfolio with this new luxury apartment venture in the Utah market.
On the Map
$30,400,000
MultiFamily
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Brigham City MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93