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Chicago & Midwest  + Midwest  + Apartments  | 

Gantry Secures $32M for St. Louis MF Construction Takeout

Gantry has secured a $32.4 million permanent loan to refinance construction debt for Mia Rose Holdings’ 44 West Luxury Living apartment community.

Located at 91 Kaiman Lane in suburban Valley Park, Missouri, just outside St. Louis, the modern 204-unit garden-style apartment community features one- and two-bedroom floorplans. The property, comprised of five residential buildings and a clubhouse, was completed in 2024 and is now stabilized for a legacy hold.

Gantry’s Joe Monteleone, Principal, and Bonnie Monteleone, Senior Associate, with the firm’s St. Louis production office, represented the borrower, a private real estate investor. The five-year, fixed-rate loan was secured from an institutional direct lender and features interest-only terms for the duration of the loan.

44 West was developed by Mia Rose Holdings, a St. Louis-based real estate development firm specializing in multifamily and mixed-use communities throughout the Midwest. The refinancing ensures 44 West will remain a long-term asset in the Mia Rose Holdings portfolio.

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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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