Dealmaker: Walker & Dunlop, Affinius, Clarion, Arrange $157.5M for Salt Lake City Mixed-Use

(Image courtesy of Walker & Dunlop)

Walker & Dunlop, Bethesda, Md., Affinius Capital, San Antonio, and Clarion Partners, New York, arranged $157.5 million in loan proceeds to refinance a mixed-use development in Salt Lake City.

The Walker & Dunlop New York Capital Markets team, led by Sean Reimer, Mo Beler, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, and William Herring, co-originated the loan with Affinius Capital and Clarion Partners.

The teams 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.

The complex, called Post District and part of a three-phase project, currently has 580 residential units across four buildings and 26,000 square feet of rentable retail space.