Hello,
We have closed the Bud Bailey Apartments I, LLC loan! Thank you for making this happen.
This project is in SLC, UT and provides 136 rent-restricted units. The total loan amount is $3,864,000.
The Project is an existing multifamily development consisting of 4 three-story garden-style residential buildings
and a community building. The Project has 136 total apartment units with a mix of studio, one, two, three, and
four-bedroom units that are partially subsidized with Project Based Vouchers.
Our YTD totals are 17 loans closed for $56,869,689 and 1,190 total units.
