Northmarq Arranges $60.7M Refi for Argentic’s 378-unit SLC-Area Apartments, Altair at Riverwalk

3/13/2025

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Connect CRE

• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing

• Additional Filters-Subcategory: Capital Market: Bridge Loan, Capital Markets: Debt-Refinance

• Company: Northmarq, Argentic Investment Management LLC

Argenic obtained a $60.7 million refinancing on the Altair at Riverwalk, a 378-unit garden apartment community located at 1575 W Riverwalk Dr. in West Haven, Utah.

Northmarq’s Salt Lake City Debt + Equity team, led by Ben Vroman, Nate Barnson and Bracken Ostler, arranged the financing. The bridge loan was structured with a two-year term.