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Trez Capital Closes Construction Loans for Pair of SLC Townhome Developments

Trez Capital closed construction loans for Lotus Company’s two townhome communities, Foxridge and Whisperwood, in Ogden, UT, 40 miles north of Salt Lake City. The two loans, totaling $12.1 million, are part of Trez’s first financing agreement with Lotus Company to develop Class A affordable townhome rental properties.

Foxridge spans 38,000 square feet of rentable space and will feature 26 townhomes with two- and three-bedroom floorplans. The project broke ground in January and is expected to be complete by December 2020.

Whisperwood also broke ground in January and will feature 40 townhomes with 57,000 square feet of rentable space. All units are comprised of a modern aesthetic, high-end design featuring two-car garages and energy efficient upgrades throughout. It is slated for completion by February 2021.

Lotus Company’s Bryan Wrigley says, “These two new developments are destined to become the high watermark for residential community design in the area and beyond.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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