Riverton Apartments

Property Name: Riverton Apartments
Location: Riverton, UT
Property Type: Apartment/Multi-Family
Transaction Type: Permanent Financing
Loan Amount: $15,600,000
Details: Our repeat client was looking to take out their construction loan. They wanted to lock their rate at 30% occupancy before the property was completed. We found a Life Company that offered them a 20-year term and 30-year amortization with a fixed interest rate. The property leased up very quickly and we closed after the borrower completed the last building.
More Info: Zac Barber at 801-323-1019 or contact me