Cushman & Wakefield Arranges $57.7 Million Loan For One Foundry Way Multifamily Property In St. Louis
3835 Foundry Way
$57,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 1, 2025
AI
3835 Foundry Way is a newly delivered 270-unit luxury multifamily property situated in the City Foundry District of St. Louis, MO. The asset type is multifamily, with a loan amount of $57.7 million provided by Oaktree Capital Management. The property opened in September 2024 and is currently in lease-up, featuring extensive amenities and direct access to retail, dining, and entertainment options within the mixed-use campus.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $57,700,000
- Address: 3835 Foundry Way
- Market: St. Louis, MO
- Brokers: Jeff Altenau & Zach Yarnoff - Cushman & Wakefield
Cushman & Wakefield arranged the financing for One Foundry Way, representing the interests involved in securing the loan to support the development project managed by New + Found and Battery Global Advisors.
Players
Saint Louis 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93