$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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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout