A $42.908 million bridge loan refinancing has been secured for Risor of St. Louis Park, a 170-unit, 55+ apartment community completed in 2023 in St. Louis Park, Minnesota.

JLL worked on behalf of the borrower, Roers Companies, in arranging the 2.5-year, floating-rate refinance. The firm’s team was led by Managing Director Scott Loving, Senior Director Scott Streiff, Vice President Gary Marchiori and Associate William Hintz.

Risor of St. Louis Park is a six-story residential complex built in 2023, offers 170 units, including 18 affordable apartment units for income-restricted renters. The unit mix is comprised of studios, one-, two- and three-bedroom layouts.

Located at 3510 Beltline Blvd., it offers easy access to Hwy-7 and Hwy-100, just minutes from downtown Minneapolis. “The successful arrangement of bridge financing for Risor of St. Louis Park demonstrates the continued strength of the Twin Cities multifamily market, particularly in the growing 55+ segment,” said Loving. “This project’s strategic location in St. Louis Park and its high-quality amenities make it an attractive investment opportunity in today’s market.”

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!