SOLD
Leste Group Provides $29.1M Refinance Loan For 287-Unit Multifamily Asset In St. Louis
Units
287
Asset Type
—
Closing
Sep 22, 2026
About this deal
AI
This transaction involves a multifamily asset located in St. Louis, MO, consisting of 287 units. The loan amount secured for this property is $29,100,000 with the purpose of refinancing. The financial arrangement is under a debt placement loan type, facilitated by Leste Group, the lender in this deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,100,000
- Lender: Leste Group
- Broker: Harrison Drucker - Arbor Realty Trust
- Market: St. Louis, MO
- Units: 287
- Loan Purpose: Refinance
- Loan Type: Debt Placement
Key individuals involved in this transaction include Ricardo Genari, Harrison Drucker, and Spencer Soltan, who played significant roles in the deal's execution and brokerage services. Harrison Drucker represents Arbor Realty Trust as the broker for the loan transaction.
Players
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93