Bonaventure Secures $21.7M Acquisition Loan For The Station St. Peters Multifamily Property
2000 Swenson Ln
$21,700,000
Building Size
—
Asset Type
MultiFamily
Closing
May 29, 2025
AI
The asset involved in this transaction is a multifamily property located at 2000 Swenson Ln, St. Peters, MO, consisting of 180 units. A loan amount of $21,700,000 was arranged for the acquisition of this property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,700,000
- Landlord: Bonaventure
- Loan Type: Acquisition
- Loan Date: 05/29/2025
- Market: St. Peters, MO
- Broker Representatives: Nick Santangelo, Bruce Francis, Shaun Moothart, Bob Ybarra, Doug Birrell, Anna Britt & Amber Coleman - CBRE
This transaction highlights the role of CBRE as the arranging broker, facilitating a 10-year acquisition loan with a fixed interest rate and full-term interest-only payments specifically for Bonaventure’s acquisition of The Station St. Peters.
Players
Saint Peters 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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93