Investor JV Secures $157M Refi for 580-Unit SLC Rental Community

Affinius Capital LLC and Clarion Partners secured $157.5 million in loan proceeds to refinance Post District, a Class A mixed-use complex in downtown Salt Lake City. Post District is part of a three-phase project comprising 580 residential units across four buildings with approximately 26,000 rentable square feet of retail space. According to Yardi Matrix data, the developers took out a $116 million construction loan from Wells Fargo Bank in 2020.

A Walker & Dunlop team led by Sean Reimer arranged the transaction on behalf of Bridge Investment Group and Lowe Property Group to repay the existing debt, fund future costs to complete the construction and repatriate equity to the client as the project continues the lease-up of its newly delivered units.

Post District represents a walkable commercial and residential corridor located in the most sought-after neighborhood in Salt Lake City.