facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Minnesota

/

Development Site

/

Loan

/

6901 Flying Cloud Dr Eden P...

Updated Jul 24, 2026

$68.96M Loan Secured For Golden Triangle Station Development In Eden Prairie, Minnesota
FINANCEDDevelopment Site

$68.96M Loan Secured For Golden Triangle Station Development In Eden Prairie, Minnesota

6901 Flying Cloud Dr Eden Prairie, MN 55344, USA

$68,960,000

Building Size

—

Asset Type

Development Site

Closing

Aug 29, 2023

About this deal

AI

The luxury Golden Triangle Station development in Eden Prairie, Minnesota has secured $68.96 million in financing through a construction loan. The development, located at 6901 Flying Cloud Drive, is co-developed by Greco Properties and Eagle Ridge Partners. It encompasses a development site and features 237 residential units, along with amenities such as an outdoor pool and theater room. Construction is set to begin in the fall.

Summary of transaction details

The financing for the Golden Triangle Station development was provided by Amstar Group and a regional bank. The project is being co-developed by Greco Properties' Josh Brandsted and Eagle Ridge Partners' Kirstin Myhre. The brokerage team from JLL, including Josh Talberg, Scott Loving, Matthew Schoenfeldt, Colin Ryan, Dan Linnell, and Mox Gunderson, played a key role in facilitating the transaction.

On the Map

Open live map

$68,960,000

Development Site

View full map

Players

Matthew Schoenfeldt

JLL

Broker

$1.4B

vol

16 deals

Broker
Amstar Group
Amstar GroupLender

Eden Prairie Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Visit Scott Loving to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets