David Garfinkel, senior vice president/managing director of NorthMarq’s St. Louis office, arranged acquisition financing of $50.57 million for The Barton Apartments.
The 228-unit multifamily property is located in Clayton, Missouri. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its in-house Fannie Mae team.
The property features 228 luxury apartment homes in a smoke-free community and provides first-class amenities for residents. Located on Maryland Avenue, The Barton boasts close proximity to countless shops, restaurants, activities and employers, and backs up to the Centennial Greenway Trail for a quick bike ride or walk to Shaw Park.
Recognized as the location of choice for local, national and international businesses alike, Clayton remains one of the most in-demand submarkets in the greater Midwest. The property also provides easy access to the greater St. Louis area via I-170, located less than one half mile from the property.
