OGDEN, UT - Trez Capital announced the closing of a $17 million loan for JF Capital to begin construction on Moda Vista, a Class “A” multifamily community of 79 townhomes in Ogden, Utah. The townhomes will begin leasing fall of 2019.
“Trez is pleased to help bring to market a new townhome development north of Salt Lake City in Ogden,” said Jason Stowe, vice president at Trez Capital. “Last year, Ogden was named one of the top 10 hottest real estate markets in the U.S. by Zillow and with low unemployment and continued growth, we expect the demand for Class ‘A’ multifamily properties to remain strong.”
Located at 5030 Harrison Blvd. in Ogden, Moda Vista will offer residents easy access to major employment centers including, downtown Salt Lake City. Moda Vista is also within proximity to Weber State University, museums, parks and outdoor recreation like skiing and hiking at Mount Ogden.
“We are very excited about this project. Ogden City is doing all the right things to promote quality growth within their City,” said Chad Bessinger, Managing Partner at JF Capital. “We have a great partner in Trez and their team to build a successful project. It is packed with a lot of great amenities: clubhouse and pool, fire pit, tot lot and tons of open space with a sidewalk trail throughout.”
For more information about the financing of this deal, please contact Jason Stowe, vice president at Trez Capital at 214.545.0962 or JasonS@TrezCapital.com
About Trez Capital: Founded in 1997, Trez Capital is a diversified real estate investment firm and the preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully-secured, high-yield mortgage investment funds and like investment assets, and provide property developers and owners with quick approvals on flexible short- to mid-term financing. Trez Capital has more than $3 billion in assets under management and through its Dallas office, has funded more than $2.5 billion in loans. For more information, visit www.trezcapital.com