Salt Lake City — 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.
About Marcus & Millichap Capital Corporation
Marcus & Millichap Capital Corporation (MMCC) is a subsidiary of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada. MMCC provides commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, sponsor equity, loan sales and consultative and due diligence services. In 2023, MMCC closed 1,076 transactions totaling $6.73 billion. To learn more, please visit: marcusmillichap.com/financing.