De Anza Properties has secured a $78 million financing of its Salt Lake City Midtown 360 property.
Northmarq arranged the permanent fixed-rate loan on behalf of De Anza through Northmarq’s in-house Fannie Mae DUS platform. Northmarq’s John Bradshaw added, “Fannie Mae loved the mission-rich deal, and it was well received in the market.”
Midtown 360 offers shopping, dining and recreation within walking distance. In addition to its central location, the 494-unit property offers a variety of apartment homes from studio to five-bedroom floor plans ranging from 546 to 2,120 sq. ft. Units include hardwood floors, walk-in closets, washer/dryer hookups, and luxury kitchen finishes such as granite counters, stainless appliances, and large islands. Some units include fireplaces.
Apartment amenities include balconies and patios, resident lounge, fitness club, urban rooftop lounge, year-round pool and spa, poolside cabana and theater. Midtown 360 features lake views to the west and mountain views to the east.
De Anza Properties is a full-service residential & commercial real estate services firm with a unique model, culture and approach. They are a private company, designed to put their client relationships and their needs first. Based in Los Altos, California, De Anza Properties is a collaborative, nationwide firm owned and operated by its Principals. Founded in 1966, with legacies dating back more than 100 years; our highly trained staff provides value-added, client-centric investment sales, leasing, advisory, management, and financing services to clients across the office, retail, industrial, multi-family, and hospitality sectors. They manage homes in San Francisco, SF South Bay / San Jose Area, Escondido / San Diego and the Salt Lake City Area.
