Dekel Capital Arranges $50 Million Financing for Development of 331-Unit Multifamily Property in Salt Lake City Suburb


SANDY, Utah/LOS ANGELES – November 20, 2015 – (RealEstateRama) — Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, has placed $50 million in financing for the construction and development of the Pinnacle Sandy Apartments in the southeast corridor of the Salt Lake City metropolitan area. The deal was structured as a $36.1 million construction loan through Dekel Capital’s advisory practice and $13.9 million JV-Equity funded by the firm’s proprietary equity fund, Dekel Strategic Investors (DSI).

For the JV-Equity portion of the deal, DSI provided equity capital to the sponsor for the third time. DSI, a division of Dekel Capital, provides equity capital to real estate developers engaging in multifamily, senior housing, student housing and retail development projects.

Pinnacle Sandy Apartments is situated between two of the state’s largest employment hubs, Salt Lake City and Lehi, with easy access to major thoroughfare Route 89 and two TRAX Light Rail Stations that connect residents to the Salt Lake City International Airport, Central Business District and University of Utah. The complex will feature one, two and three-bedroom units, with the average unit size at 952 square feet, and garage parking.



Ranked as one of the top 25 public relations firms in Los Angeles by the Los Angeles Business Journal, The Hoyt Organization is a full-service, strategic communications firm that provides complete public relations counseling and crisis communication services. With more than two decades of experience, the firm specializes in developing public relations, social media and digital marketing programs for business-to-business, real estate, professional service firms, financial entities, healthcare organizations, as well as retail, legal, technology and business-to-consumer-based companies.


Phone: 310-373-0103

Next articleRep. McNerney Sends Letter Calling for Fix to Water Infrastructure Projects Funding as Part of Transportation Bill Negotiations