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Transaction Details

Mixed Use Development Loan


Layton, Utah

  • Loan Amount: $6,000,000
  • LTC: 65%
  • Project Type: Mixed Use Development
  • Rate: Prime + 1%
  • Term: 24 Months

Transaction Overview

StackSource arranged construction financing for the development of a mixed-use property (Multifamily and Office) located in Layton, Utah. The Multifamily component consists of 27-units, 17 of which will be newly built townhome style units, and the Office component comprises 6600 sqft. StackSource was able to secure the $6 million loan with a local bank that included a 24 month Term, 65% LTC, Prime + 1% Rate, and no interest reserve.

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