Berkadia secures $31.5M Bridge Loan for Midtown Capital JV 149-unit apartment project in Salt Lake City, The Astoria

4/15/2025

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REBusinessOnline

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

• Tag: Closing | JV-Partnership | New Construction

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

• Company: Berkadia

Berkadia has secured a $31.5 million bridge loan on behalf of Midtown Capital to complete construction of The Astoria, a multifamily community in Salt Lake City. Slated for completion in third-quarter 2025, the 149-unit property is situated in the city’s Fairpark District.