ACRES has funded a $32 million loan for the refinancing of Twenty Ones Apartments, a recently constructed 2 story, 108-unit multifamily property in Salt Lake City, Utah.
The property is located in Sugar House, one of Salt Lake City’s most vibrant and desirable neighborhoods with a thriving entertainment district and mix of restaurants, breweries and shopping areas.
The development will include:
• 22 studios
• 62 one bedroom/one bathroom units
• 24 two bedroom/two bathroom units
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