FINANCED
PGIM Real Estate Provides $18.5M Construction Loan For 252-Unit Multifamily Property In Sandy, UT
9980 South 300 West
MultiFamily
15,000 SF
15,000 SF
Financed 117 days ago
Summary
Loan
UTAH
MultiFamily
15,000 sqft
An $18.5 million construction loan has been granted by PGIM Real Estate for the development of a 252-unit apartment property in Sandy, Utah. The property, located at 9980 South 300 West, spans approximately 15,000 square feet and is situated in the market of Sandy, which is about 15 miles south of Salt Lake City.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Market: Sandy, UT
- Address: 9980 South 300 West
- Square Footage: 15,000
- Units: 252
The construction loan is provided by Cathy Marcus and Raimondo Amabile of PGIM Real Estate. Rockworth Cos, represented by Blair Jenkins, is the landlord of the property.
Details
FINANCED
IMAGE: Cathy Marcus, Raimondo Amabile & Blair Jenkins
DATE: 01/08/2024
ADDRESS: 9980 South 300 West
MARKET: Sandy, UT
ASSET TYPE: Multifamily ~ SF: 15,000 ~ UNITS: 252
LENDER: Cathy Marcus & Raimondo Amabile - PGIM Real Estate
LANDLORD: Blair Jenkins - Rockworth Cos
LOAN AMOUNT: $18,500,000
LOAN TYPE: Construction
NOTE: PGIM Real Estate has granted $18.5 million in financing for the construction of a 252-unit apartment property in Sandy, Utah. Located at 9980 South 300 West, about 15 miles south of Salt Lake City, the development by Rockworth Cos.View on map
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Address9980 South 300 West
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