MINNEAPOLIS, July 27, 2023 - JLL Capital Markets announced today that it has arranged the $34.62 million refinancing of Savor Apartments, a 200-unit, mid-rise, market-rate multi-housing community located in West St. Paul, Minnesota.
JLL worked on behalf of the borrower, Roers Companies, to secure the fixed-rate, ten-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 Street 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.
Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.
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Jones Lang LaSalle Inc. published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 20:58:38 UTC.
