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Northmarq Arranges $60.7M Refi for SLC-Area Apartments
Argenic obtained a $60.7 million refinancing on the Altair at Riverwalk, a 378-unit garden apartment community located at 1575 W Riverwalk Dr. in West Haven, Utah.
Northmarq’s Salt Lake City Debt + Equity team, led by Ben Vroman, Nate Barnson and Bracken Ostler, arranged the financing. The bridge loan was structured with a two-year term.
Built in 2021/2023, Altair at Riverwalk features one-, two- and three-bedroom apartment units. Unit features include a personal patio or balcony, kitchens with a pantry and prep island, large walk-in closets, an included washer and dryer, garages available and more.
Community amenities feature a community playground, a pet-friendly environment with a pet park and pet wash, on-site management, a splash pad, an outdoor lounge, a residential clubhouse, and a pool and spa.
- ◦Financing
