Berkadia, a distinguished leader in the commercial real estate sector, announces that it arranged a $15.4 million loan to refinance Pure St. Peters, a 143-unit multifamily community located 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.
“Our relationship with Freddie Mac continues to be a valued component of our client’s business and has allowed them to grow their investment portfolio through diverse markets nationally,” explained Foschini.
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.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
