Salt Lake City office arranges $1,725,000 finance of Victoria Windsor in Salt Lake City, Utah
Victoria Windsor
SALT LAKE CITY (July 5, 2017) Salt Lake City’s production team arranged financing of $1,725,000 for Victoria Windsor, a multifamily property located near downtown Salt Lake City, Utah. The transaction was structured with interest only during rehabilitation, a 10-year term on a 30-year amortization schedule. Salt Lake City arranged financing for the borrower through its relationship with a local bank. “We were both able to secure acquisition financing as well as additional proceeds for capital improvements as our client acquired and improved this property to be an addition to their multi-family portfolio of properties under management,” said Pinnock.
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