HALL Structured Finance Provides $108M Loan To St. Joseph Group For 515 Walnut Tower

515 Walnut Tower is a multifamily asset located at 515 Walnut Street in downtown Des Moines, IA. This project consists of 33 stories with a total of 390 apartment units. The construction project is supported by a first lien construction loan amounting to $108 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $108,000,000
• Lender: HALL Structured Finance
• Landlord: St. Joseph Group
• Brokers: Jackie Meagher & Richard Price - Berkadia
• Loan Type: Construction
• Loan Date: 11/17/2025

The loan was arranged for St. Joseph Group to facilitate the development of the 515 Walnut Tower project. HALL Structured Finance played a critical role as the lender providing the necessary financing for this large-scale construction in Des Moines's urban setting.