Knox on 12th Apartments
The non-recourse $9,005,000 Fannie Mae loan carries a 12-year term, a fixed interest rate, four years of interest-only payments, and a 30-year amortization period. Knox on 12th Apartments completed construction in 2020 and leased up rapidly. It is a mid-rise two-building property offering one- and two–bedroom units with modern appliances and finishes, in-unit washers and dryers, walk-in closets and private outdoor spaces. The pet-friendly property also offers 24-hour secure access and on-site parking. The property is conveniently located near the area’s shopping, entertainment and dining establishments, and is close to major arteries that lead to I-15 and Salt Lake City.