Berkadia arranged a $15.4 million loan to refinance Pure St. Peters, a 143-unit multifamily community in St. Peters, a suburb northwest of St. Louis, Missouri.
Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Associate Director Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsor Tilden Legacy Pure St. Peters Apartments, LLC.
Berkadia originated the Freddie Mac-backed five-year, fixed-rate loan. The property was 94% occupied at the time of closing.
Located at 2100 Pure Street, Pure St. Peters is a three-story multifamily property built in 2019 that offers one- and two-bedroom apartments with open concept layouts, designer kitchens and upscale finishes. Amenities at the pet-friendly community include a pool with sundeck, state-of-the-art fitness center, package receiving area, business center and outdoor lounge, and professional onsite management.
Pure St. Peters offers easy access to I-70, walkability to shops and restaurants and convenient access to major employers like Barnes-Jewish St. Peters Hospital and Amazon. The property is approximately 40 minutes from downtown St. Louis, Missouri.
