Utah

Borden Lofts | Logan, UT

Loan Amount: $4,220,000

Developer: Rumar Trust / Ibis Investments / Kona Alii, LLC

Borden Lofts is a 51-unit multifamily affordable housing development rehabilitated from a 1914 milk plant, with 45 units restricted to households between 49%-60% AMI. The project uniquely combines historic preservation with renewable energy features for low-cost operations. Amenities include studio to two-bedroom units in a historic structure, serving low-income residents with innovative financing for accessibility and sustainability.

Units: 51