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NorthMarq Arranges $82.5M Refinancing For Multifamily Communities In Salt Lake City's Greektown District

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SOLD
$82,500,000

Utah

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MultiFamily
Sold 01/13/2026
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Property Image
SOLD

NorthMarq Arranges $82.5M Refinancing For Multifamily Communities In Salt Lake City's Greektown District

550 200 South & 205 500 West

See Similar Deals
MultiFamily
Sold 01/13/2026
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Summary

UTAH
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved a multifamily asset located at 550 200 South & 205 500 West in Salt Lake City, UT. The sale price for the property was $82,500,000. Two mid-rise, amenity-rich apartment communities were developed by Hamilton Partners and dbURBAN in the Greektown District of Salt Lake City.

Summary of transaction details:

NorthMarq’s Salt Lake City Debt + Equity team arranged an $82.5M refinancing for the involved apartment communities. This reflects the key involvement of the brokerage in financing activities related to the transaction.

Players

John Bradshaw
4 deals$78M volume(801) 273-4100
BROKER




Details

SOLD
IMAGE: 01/13/2026 ADDRESS: 550 200 South & 205 500 West MARKET: Salt Lake City, UT ASSET TYPE: Multifamily BROKERS: John Bradshaw, Larry Pinnock & Adam Bradshaw - NorthMarq SALE PRICE: $82,500,000 NOTE: Northmarq’s Salt Lake City Debt + Equity team arranged an $82.5M refinancing for CINQ and LUMA, two mid-rise, amenity-rich apartment communities developed by Hamilton Partners and dbURBAN in Salt Lake City’s Greektown District.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,399,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$293,105.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$391,092.09
Annual Debt Service$4,693,105.07