Multifamily
Debt & Equity

NorthMarq’s Salt Lake City office arranges $33 million refinance of Rivulet Apartments in American Fork, Utah

SALT LAKE CITY, UTAH (January 10, 2019) – John Bradshaw, senior vice president/managing director of NorthMarq’s Salt Lake City office, finalized the $33 million refinance of Rivulet Apartments, a 252-unit multifamily property located at 449 South 860 East in American Fork, Utah. The transaction was structured on Freddie Mac’s pre-stabilization loan program. NorthMarq arranged financing for the borrower through its seller/servicer relationship with Freddie Mac.  

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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Rivulet Apts
Permanent Loan - Fixed
$33,000,000