NorthMarq’s Salt Lake City office arranges acquisition financing of $8 million for Newpark Flats in Park City, Utah
Newpark Flats
SALT LAKE CITY, UTAH (December 10, 2019) – Larry Pinnock, vice president of NorthMarq’s Salt Lake City team arranged secured acquisition financing of $8 million for Newpark Flats. The multifamily property is located at 6033 Park Lane South in Park City, Utah.
Financing Details:
- Permanent-fixed loan
- NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.
Property Details:
- The property, built in 2018, contains 43 units.
- Property amenities include: Pet friendly policy, washer/dryer in unit, air conditioning, heating, fireplace, 1-assigned parking space, fitness center, vinyl flooring, laundry facilities, granite countertops, stainless steel appliances, kitchen, oven and range.
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About Northmarq
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
