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On watchNinth Street LoftsSalt Lake City, UT · Commercial BridgeCurrent balance$200,000
Rate13.0% · monthly
Paid to you$21,667
MaturesMay 18, 2027
The loan
| Status | On watch |
|---|---|
| Structure | Mezzanine · Debt |
| Closed | Nov 18, 2025 |
| Next payout | $2,166.67 on Oct 15, 2026 |
Your position
| Committed | $200,000 |
|---|---|
| Contributed | $200,000 |
| IRR to date | 13.0% |
The property
| Sponsor | Wasatch Urban Partners |
|---|---|
| Last dollar | 82% of cost |
| Property | Residential · 61 lofts · 2,400 sq ft retail |
| Address | 326 W 900 S, Salt Lake City, UT 84101 |
| Stage | Lease-up · 71% leased |
A 61-unit loft conversion in the Granary District, delivered in June 2026 and leasing up ahead of plan.