Associated Bank Lends on St. Louis-Area Apartments
Associated Bank completed a $25,500,000 loan to Timberland Partners for the acquisition of Grand Central at the Junction, a 180-unit apartment community at 6101 Grand Central Ave. in Wentzville, MO, approximately 40 minutes northwest of St. Louis. SVP Randy Stille handled the loan arrangements and closing.
The newly constructed project features a modern building style and attractive resident amenities, including one- and two-bedroom apartments with open floorplans; gourmet kitchens with stainless-steel appliances, granite countertops, tile backsplashes and bar seating; in-unit washers and dryers; private patios or balconies and dedicated storage. The location is just 40 minutes from downtown St. Louis and within walking distance of popular bars, restaurants and entertainment venues.
Minneapolis-based Timberland Partners owns and manages a portfolio of 83 communities in 15 states, totaling more than 18,000 apartment units. This is Timberland’s eighth multifamily property in the St. Louis market.