$31,500,000

Originated a $31.50MM First Mortgage Loan to recapitalize and finance the remaining construction of a 70% complete, 149-unit multifamily development in Salt Lake City, UT. The Project is in Salt Lake City’s Fairpark neighborhood, with a unit mix comprised of 29 micro units, 25 studios, 71 one-bedrooms, and 24 two-bedrooms. The community amenities include a fitness center, rooftop deck, community courtyard, resident social lounge, and covered parking.