BRIGHAM CITY, Utah — Concord Summit Capital (“CSC”), a national commercial real estate debt and equity advisory firm, arranged a $30.4 million construction loan for Brigham Lofts, a 165-unit luxury apartment community located at 747 South Main Street in Brigham City, Utah, 60 miles north of Salt Lake City along the Wasatch Front corridor.
Concord Summit structured the debt as a combined bridge and construction facility, refinancing the completed and stabilized Phase 1 (93 units), while funding the ground-up construction of Phase 2 through a single-lender execution. Phase 2 will deliver 72 additional units by mid-2027, bringing the combined community to 165 residences.
Brigham Lofts offers a mix of one-, two-, and three-bedroom luxuriously appointed residences and boasts an amenity package that includes a pool and hot tub, fitness center, clubhouse, and a dog park. The community sits within easy reach of downtown Brigham City’s shops and restaurants, along with area parks, golf, and outdoor recreation.
Concord Summit Capital’s Director Keegan Burger and Senior Analyst Ben Applebaum sourced the financing on behalf of the sponsor, SCS Multifamily.
“We structured a creative financing solution that rolled Phase 1 into a combined construction facility for Phase 2, a clean execution that minimized the sponsor’s equity requirement. The lender recognized the strength of Phase 1’s performance and moved with speed and certainty. SCS Multifamily was a pleasure to work with from start to finish and showed true professionalism and efficiency throughout the process,” said Burger.
“This deal is a great example of what our team does best: finding creative paths to closing, especially on complex deals. Kudos to Keegan and Ben for finding a solution that worked for everyone at the table, especially at a time when securing financing in today’s world can be a challenging endeavor,” said Concord Summit Chairman and Partner Kevin O’Grady.
About Concord Summit Capital
Concord Summit Capital is a national commercial real estate capital markets advisory firm that serves as a trusted intermediary between sponsors and providers of debt and equity capital.
With over $38 billion in closed transactions and decades of combined experience, the firm’s team delivers the relationships, discipline, and strategic insight required to consistently execute at a high level in today’s difficult market.
Concord Summit partners with entrepreneurial sponsors to structure and execute financing solutions across the capital stack, delivering the precision, creativity, and responsiveness of a boutique platform with institutional-grade execution.
The firm’s team creates financing strategies to serve the client’s needs and specializes in navigating complex transactions, structuring flexible debt and equity solutions.
With offices in five key markets – Miami, New York, Dallas–Fort Worth, Denver, and Los Angeles – Concord Summit provides a national reach with localized expertise.
For more information, visit www.ConcordSummit.com.