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

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

• Property Type: Development Site
• Transaction Amount: $68,960,000
• Address: 6901 Flying Cloud Drive, Eden Prairie, Minnesota
• Market: Eden Prairie, Minnesota
• Lender: Amstar Group & A Regional Bank
• Landlord: Greco Properties - Josh Brandsted; Eagle Ridge Partners - Kirstin Myhre
• Brokers: Josh Talberg, Scott Loving, Matthew Schoenfeldt, Colin Ryan, Dan Linnell, Mox Gunderson - JLL

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.