JLL Arranges $34.62M Refinancing For Savor Apartments In West St. Paul

Savor Apartments, a 200-unit market-rate housing community located at 1571 Robeoutht Street South in West St. Paul, Minnesota, has secured a $34.62 million refinancing deal. The loan was arranged by JLL Capital Markets on behalf of Roers Companies and is backed by Fannie Mae. The multifamily property offers a desirable living environment with its extensive amenities and convenient location within the city's market.

Summary of transation details

• Property Type: Multifamily - 200 units
• Transaction Amount: $34,620,000
• Lender: Fannie Mae
• Landlord: Roers Companies
• Brokers: Scott Streiff & Scott Loving - JLL
• Loan Type: Refinance
• Loan Terms: Fixed-rate, ten-year, full-term interest only

JLL Capital Markets successfully facilitated the refinancing deal for Savor Apartments. Scott Streiff and Scott Loving, brokers from JLL, played a crucial role in brokering the transaction. The loan was secured from Fannie Mae, providing a favorable fixed-rate and a ten-year term with full-term interest-only payments. This refinancing initiative strengthens the financial position of Roers Companies, the landlord for this thriving multifamily asset in West St. Paul.