Canyon Partners, CJM and Hensel Phelps Invest In Multifamily Project Near Salt Lake City; Secure Construction Loan Led by CIBC Bank USA
Canyon Partners, together with CJM Development Group (“CJM”) and Hensel Phelps Construction Co. (“Hensel Phelps“), announce a joint venture for the ground-up construction of a Class A, market-rate multifamily community located in Draper, a highly-desirable, rapidly-growing suburb of Salt Lake City. Canyon provided $23.7 million of preferred equity for this project, which also secured......