Gantry secured a $32.4 million permanent loan to refinance construction debt for Mia Rose Holdings’ 44 West Luxury Living apartment community. Located at 91 Kaiman Lane in suburban Valley Park, Missouri, just outside St. Louis, the modern 204-unit garden-style apartment community features one- and two-bedroom floorplans.
The property, comprised of five residential buildings and a clubhouse, completed construction in 2024 and is now stabilized for a legacy hold. The class A property features a wide range of amenities including: a clubhouse with pool table, TV’s, fireplace and conversational seating; heated pool and sundeck; outdoor grill area with fire pit; and fitness center. Unit interiors include: white quartz counters; contemporary soft close cabinetry; stainless steel appliances; in-unit washer/dryer; walk-in closets; and nine-foot ceilings throughout.
Gantry’s Joe Monteleone, Principal, and Bonnie Monteleone, Senior Associate, with the firm’s St. Louis production office represented the borrower, a private real estate investor. The five-year, fixed rate loan was secured from an institutional direct lender at an attractive rate for the current cycle and features interest only terms for the duration of the loan.
44 West was developed by Mia Rose Holdings, a St. Louis-based real estate development firm specializing in multifamily and mixed-use communities throughout the Midwest. The refinancing ensures 44 West will remain a long-term asset in the Mia Rose Holdings portfolio, supporting the company’s strategy of delivering high-quality communities across the Midwest.
