Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged a $9 million land refinance for the development of a build-to-rent community located at 1176 W. 2100 South in Salt Lake City, Utah.
Paul Winterowd, managing director in MMCC’s Salt Lake City office secured the financing with a local credit union on behalf of a private client.
The property is located across from Glendale Golf Course and adjacent to UT-201, just ten minutes from both Downtown Salt Lake City and from Sugar House. The development will consist of townhomes varying in size.
