255 S STATE STREET
Salt Lake City, Utah

TYPE: Mixed Income Multifamily, new construction - affordable and market rate units and commercial space

DESCRIPTION: 2 buildings, 190 units

DEVELOPER: Brinshore Development LLC

LOAN TYPE: Construction to Permanent

LOAN AMOUNT: $55,000,000

ADDITIONAL FINANCING SOURCES: 4% and 9% Low Income Housing Tax Credits (LIHTCs), Utah state housing tax credits, multiple subordinate loans and grants

STATUS: Lease-Up (9% Tower); Lease-Up (4% Tower)