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Cushman & Wakefield Arranges $57.7 Million Loan For One Foundry Way Multifamily Property In St. Louis
FINANCED
$57,700,000
Missouri
See Similar DealsMultiFamily
Financed 10/01/2025
FINANCED
Cushman & Wakefield Arranges $57.7 Million Loan For One Foundry Way Multifamily Property In St. Louis
3835 Foundry Way
See Similar DealsMultiFamily
Financed 10/01/2025
Summary
MISSOURI
Asset Type:MultiFamily
Transaction Type:Loan
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,700,000.00
Monthly NOI$384,666.67
Monthly Debt Service$364,703.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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