North Union Apartments, Midvale, UT

March 10, 2020 Comments Off on $39M Construction Financing Secured for North Union Apartments Views: 1273 National News, Southwest, Utah

$39M Construction Financing Secured for North Union Apartments

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Rockworth Cos. secured financing to the tune of $39.5 million to build the 223-unit North Union Apartments, a garden-style multifamily property in Midvale, UT. Jonathan Pratt and Christopher Ellis with Berkadia sourced the three-year, conventional construction loan through Pacific Coast Capital Partners LLC.

Situated on 3.4 acres at 942 E. North Union Ave., the apartment complex offers two-bedroom floor plans, with gas fireplaces and large, open kitchens. The complex will also include 7,500 square feet of ground-floor retail.

“Rockworth is a best-in-class sponsor and managed through a very complicated closing,” Pratt said. “This firm sees opportunities in changing markets and acts quickly to capitalize on those opportunities.”

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