JLL Secures $47M Refinance Loan For Marlowe Multifamily In St. Louis
4545 Laclede Avenue St. Louis, Missouri 63108, USA
$47,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 7, 2023
AI
JLL Capital Markets has secured a $47 million loan to refinance Marlowe, a newly built 205-unit Class A multi-housing community located at 4545 Laclede Ave, St. Louis, Missouri. The loan will provide financial assistance for the property's ongoing operations and improvements.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Units: 205
- Market: St. Louis, MO
Danny Kaufman, Mary Dooley, Phil Galligan, and Rebecca Brielmaier from JLL served as brokers in this loan refinance deal. They played a crucial role in securing the financing, ensuring favorable terms for the property owners.
Players
St. Louis MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93