Greco, Eagle Ridge Partners And Amstar Group Secure $50M Refinance Loan From PNC For Multifamily Asset
6901 Flying Cloud Drive
$50,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 14, 2025
AI
The property asset involved in this transaction is a multifamily unit complex located at 6901 Flying Cloud Drive in Eden Prairie, MN. This asset comprises a total of 237 units and is associated with a loan amount of $50,000,000, which is part of a refinance loan type with a term of 5 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Address: 6901 Flying Cloud Drive
- Market: Eden Prairie, MN
- Lender: PNC
- Landlord: Greco, Eagle Ridge Partners & Amstar Group
- Broker Representatives: Scott Loving, Josh Talberg & William Hintz - JLL
- Loan Terms: 5 Years
The deal's key individuals include the landlord Greco along with Eagle Ridge Partners and Amstar Group, who are involved in managing the property. The brokers representing this transaction are Scott Loving, Josh Talberg, and William Hintz from JLL, facilitating the refinancing process through PNC.
Players
Eden Prairie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93