De Anza Properties recently closed a $78 million financing deal for its Midtown 360 property located at 360 South State Street in Orem, Utah. The property, which was originally built in 2014 and underwent renovations in 2023, features a total of 494 units.
The financing was arranged by Northmarq through their Fannie Mae DUS platform. John Bradshaw from Northmarq stated that the market responded positively to the “mission-rich” deal.
Midtown 360 is conveniently situated near shopping, dining and recreational options within walking distance. With a range of studio to five-bedroom floor plans spanning from 546 to2,120 sq.ft., this central location offers residents stunning lake and mountain views.
Apartment amenities include balconies/patios for each unit as well as access to resident lounge areas, fitness club facilities,and an urban rooftop lounge with year-round pool/spa access.Additionally,the complex boasts poolside cabanas,a theater room,and other luxurious amenities.
