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.
Players
Brigham 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93