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Current Offerings  /  LSC Salt Lake UT DST
Available506(c)721 Exchange: None

LSC Salt Lake UT DST

SponsorLivingston Street Capital
LocationUtah
Property TypeMultifamily, Senior Housing
$26,470,000
Total Investment
51%
LTV
5.30%
Income Average
10 years
Estimated Hold Period

Investment Description

Park Lane Senior Living is a 94-unit age-restricted multifamily community at 680 East 100 South in Salt Lake City. The 1987-vintage property sits on 1.361 acres and was acquired for $21.8 million after reported $1.89 million of prior capital repairs. It is master-leased to a newly formed Livingston Street affiliate. No 721/FM V exit option is stated. The Master Tenant’s disclosed initial capital consists of a $250,000 sponsor demand note rather than a broader corporate payment guaranty.

Investment Sponsor
Livingston Street Capital
Availability Status
Available
Registration
506(c)
721 Exchange
None
Property Type
Multifamily, Senior Housing
Equity
$12,970,000
Debt
$13,500,000
Total Investment
$26,470,000
LTV
51%
Initial Reserves
$1,633,981
Lender
Natixis Real Estate Capital LLC
Interest Rate
6.04%
Amortization
Interest-only
Loan Term
10 years
Estimated Hold Period
10 years

Projected Cash Flow

Cash Flow Basis: Projected Investor Distribution · Forecast Through: Year 10 · Post-Forecast Treatment: 10-Year Projection
PPM Annual Pro Forma Distribution forecast: 4.70%, 4.70%, 4.75%, 4.75%, 4.80%, 4.90%, 5.30%, 5.65%, 6.10%, 7.31%.

Highlights

1
94-unit senior-living multifamily asset in Salt Lake City’s urban core.
2
Reported $1.89 million of prior capital repairs, including significant building work.
3
6.04% fixed-rate full-term interest-only debt with a December 2035 balloon.
4
51.0% Trust-level LTV; property-level debt equals 61.9% of the purchase price.
5
Master Tenant initial capitalization is a $250,000 demand note, not a disclosed corporate rent guaranty.

Jerry Baker's Notes

Before you read these notes

Jerry Baker's Notes are his opinion, shared to help frame a conversation. They are not investment advice, a recommendation, or an offer, and they are not a substitute for the offering documents. Review the Private Placement Memorandum for complete information, including risk factors, before making any decision.

I understand · Show the notes

The investment combines a small, older 94-unit senior asset with 51.0% leverage and a 6.04% interest-only loan. The absence of scheduled amortization supports current cash flow but leaves all principal repayment to an exit or refinance in 2035. The Master Lease does not substitute for underwriting property cash flow: its affiliated Master Tenant is newly formed and the disclosed initial capital is a $250,000 demand note. The $26.47 million total capitalization is 21.4% above the $21.8 million purchase price, requiring operational performance and exit valuation to overcome basis friction.

Property Addresses

1680 East 100 South, Salt Lake City, UT 84102

Offering Documents

Download all documents (.zip)
LSC Salt Lake UT DST - PPM.pdfDownload
Documents are provided by the sponsor for registered investors. Review the Private Placement Memorandum in full, including risk factors, before making any decision.

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