JLL Capital Markets has arranged the $34.62 million refinancing of Savor Apartments, a 200-unit, mid-rise, market-rate multi-housing community in West St. Paul, Minnesota.
JLL worked on behalf of the borrower Roers Companies to secure the fixed-rate, 10-year, full-term interest-only Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.
Newly built in 2022, Savor Apartments features one- and two-bedroom units with granite countertops, stainless steel appliances, vinyl plank flooring, in-unit washers and dryers and more. Community amenities include an entertainment suite, a community room, game room, work-from-home suites, coffee bar, rooftop skylounge, rooftop skydeck and a fitness center.
The property is situated at 1571 Robert St. S. and is minutes from US-52, allowing quick access to St. Paul and nearby suburbs.
The JLL Capital Markets Advisory team was led by Senior Director Scott Streiff and Managing Director Scott Loving.
