Greco Secures $76.25 Million Construction Loan From First International Bank & Trust For Multifamily Project

This multifamily asset located at 150 Thompson Avenue East in West St. Paul comprises 246,891 square feet and includes a total of 291 units. The property is backed by a loan amount of $76,250,000, specifically for construction purposes with terms of 4+1 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $76,250,000
• Address: 150 Thompson Avenue East
• Market: West St. Paul
• Lender: First International Bank & Trust
• Borrower: Josh Brandsted & Austin Peterson - Greco
• Brokers: Josh Talberg, Scott Loving, William Hintz & Jack Graveline - JLL
• Loan Type: Construction
• Loan Terms: 4+1

Key individuals involved in this transaction include Josh Brandsted and Austin Peterson representing Greco as the borrowers. The deal was facilitated by brokers Josh Talberg, Scott Loving, William Hintz, and Jack Graveline from JLL who represented the transaction.