New York Life Investors Provides $55M Acquisition Loan For 261-Unit Multifamily In Sandy, UT

The multifamily property located at 7611 Union Park Ave in Sandy, UT has undergone a recent transaction. The property consists of 261 units and is owned by MAXX Properties.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $55,000,000
• Market: Sandy, UT

The acquisition loan for this property was provided by New York Life Investors. The loan amount is $55,000,000 and it is a fixed-rate loan with 10 years of interest-only payments.

Colliers International Salt Lake City represented both the buyer and the seller in this transaction. The brokers involved in the deal were Robert Prouty, Jordi DeHoyos, Katie Thompson, Rawley Nielsen, Darren Nielsen, and Mark Jensen.