Barings Provides $78M Construction Loan For Salt Lake City Hotel | 12 South 400 West lake | Zachary (Zack) Streit, Malcolm Davies | Hotel | Loan

Summary

Loan

UTAH

Hotel

186,767 sqft

The hotel property located at 12 South 400 West in Salt Lake City, Utah, has undergone a closed transaction. The property spans approximately 186,767 square feet and is classified as a hotel.

Summary of transaction details

Property Type: Hotel
Transaction Amount: $78,000,000
Address: 12 South 400 West, Salt Lake City, Utah
Market: Salt Lake City, Utah
Lender: Barings
Landlord: The Athens Group & Hatteras Sky
Brokers: Malcolm Davies & Zack Streit - WAY Capital, Inc.
Loan Type: Construction

Barings provided a loan amounting to $78,000,000 for the hotel property construction project. The deal was facilitated by the brokers Malcolm Davies and Zack Streit from WAY Capital, Inc.

Players

All
3

Agents
2
Agencies
1

Zachary (Zack) Streit

Malcolm Davies

Founder/Senior Managing Partner

Details

Deal Summary

FINANCED

IMAGE: Oz Friedmann, Malcolm Davies, Robert McIver & Zack Streit DATE: 07/20/2022 ADDRESS: 12 South 400 West MARKET: Salt Lake City, Utah ASSET TYPE: Hotel ~ SF: 186,767 LENDER: Barings LANDLORD: The Athens Group (@Athensgroup) & Hatteras Sky BROKERS: Malcolm Davies & Zack Streit - WAY Capital, Inc. (@WayCapitalCRE) LOAN AMOUNT: $78,000,000 LOAN TYPE: Construction

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Address12 South 400 West lake

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