Updated Jul 14, 2025
Northmarq Secures $18 Million Loan For Southernside Apartments Multifamily In O'Fallon Missouri
1 Southernside Lane
$18,000,000
Units
220
Asset Type
MultiFamily
Closing
Jul 11, 2025
About this deal
AI
The asset involved in this transaction is Southernside Apartments, a 220-unit multifamily community located at 1 Southernside Lane in O'Fallon, Missouri. The property is positioned in a growing market within St. Charles County and offers upscale amenities with an accessible location near essential services such as schools, parks, and retail outlets.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $18,000,000
- Address: 1 Southernside Lane
- Market: O'Fallon, MO
- Units: 220
- Broker: Eugene Harris - Northmarq
Northmarq's St. Louis team facilitated the acquisition of over $18 million in HUD financing for the property, supporting its operation as an affordable housing community in the area.
Players
O Fallon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit NorthMarq to view all their deals.
Browse O Fallon multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93