Thorofare Capital Provides $42.9 Million Loan To Roers Cos For Risor Of St. Louis Park

The asset involved in this transaction is Risor of St. Louis Park, a senior housing community located at 3510 Beltline Boulevard in St. Louis Park, Minnesota. This active adult community consists of 170 units and is currently 78% leased. It features amenities such as a fitness center, movie theater, and pickleball court.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $42,900,000
• Lender: Thorofare Capital
• Landlord: Roers Cos.
• Loan Type: Refinance
• Market: St. Louis Park, MN
• Brokers: Gary Marchiori, Scott Loving, Scott Streiff & William Hintz - JLL

This transaction was facilitated by Thorofare Capital, which provided a $42.9 million bridge loan to Roers Cos. aimed at refinancing the existing construction loan on the property. The involvement of brokers includes the team from JLL, consisting of Gary Marchiori, Scott Loving, Scott Streiff, and William Hintz, who represented the landlord in this deal.