Affinius Capital LLC and Clarion Partners have successfully secured a $157.5 million loan to refinance Post District, a premier mixed-use complex located in the heart of downtown Salt Lake City. The Class A property is part of a larger three-phase development project featuring 580 residential units spread across four buildings, as well as approximately 26,000 square feet of retail space. According to data from Yardi Matrix, the developers obtained a $116 million construction loan from Wells Fargo Bank in 2020.
Sean Reimer and his team at Walker & Dunlop expertly facilitated this transaction on behalf of Bridge Investment Group and Lowe Property Group. The financing will not only repay existing debt but also provide funding for future construction costs while allowing for equity repatriation as the project continues its successful lease-up process.
Post District boasts an ideal location within walking distance to both commercial and residential amenities in one of Salt Lake City’s most desirable neighborhoods.
