March 10, 2020
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.”
For comments, questions or concerns, please contact Amy Sorter