Updated Nov 13, 2026
Gantry Secures $15.6 Million Bridge Loan For Acquisition Of Santa Ana Apartments In St. Ann
3737 Ashby Road
$15,600,000
Units
169
Asset Type
MultiFamily
Closing
Nov 10, 2026
About this deal
AI
The property involved in this transaction is a vacant multifamily asset known as Santa Ana Apartments, located at 3737 Ashby Road in St. Ann, Missouri. This 14-story building features a total of 169 units and is set to undergo renovations aimed at converting it into market-rate multifamily housing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,600,000
- Loan Type: Bridge
- Loan Terms: 3-year
- Broker: Alec Frook
- Broker Agency: Gantry
The financing for this deal was secured by Gantry through a $15.6 million bridge loan, which is structured with upfront interest-only payments to facilitate the upcoming renovations of the property. This strategic financing will allow for necessary redevelopment efforts to enhance the asset's market viability.
On the Map
$15,600,000
MultiFamily
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Players
Ashby 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93