$50M Refinancing Secured for 237-Unit Luxury Apartments in Minnesota

 JLL  has secured a $50 million refinancing for The Fox and The Grouse, a 237-unit multi-housing property located in the Golden Triangle neighborhood of Eden Prairie, Minnesota.

JLL represented the partnership of Greco and Eagle Ridge Partners, as well as joint venture equity partner Amstar Group, in arranging the five-year loan through PNC Bank. JLL represented the partnership of Greco and Eagle Ridge Partners, as well as joint venture equity partner Amstar Group, in arranging the five-year loan through PNC Bank.

The Fox & The Grouse Phase I, located at 6901 Flying Cloud Dr., delivered its first units in December 2024 and completed construction in April 2025. The development features 205,561 square feet of rentable space across alcove, one-, two- and three-bedroom units averaging 867 square feet.

“The property’s outstanding lease-up performance, combined with the sponsors’ proven track record and the submarket’s institutional-quality tenant base, made this an attractive refinancing opportunity for lenders,” said Loving.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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