Gantry Secures $16M for St. Louis Multifamily Redevelopment
Gantry has secured a $15.6 million bridge loan to fund the acquisition and redevelopment of the Santa Ana Apartments located at 3737 Ashby Road in Saint Ann, Missouri, a North St. Louis suburb adjacent to Lambert-St. Louis International Airport.
The 14-story, 169-unit complex was acquired vacant and will be transformed into market-rate multifamily housing through a comprehensive renovation program also funded by the loan. The property’s strategic location provides convenient access to the city’s large park system, including Tiemeyer Park and McDonnell County Park, and major workforce transportation corridors, including direct access to I-70, I-170, and local bus/MetroLink options.
Gantry’s Mark Reichter, Principal, and Alec Frook, Associate, with the firm’s Kansas City office, represented the borrower, a private real estate investor. The three-year, fixed-rate bridge loan was secured from one of Gantry’s correspondent insurance company lenders and features upfront interest-only terms. Gantry will service the loan for the lender.
Join us for the Connect Midwest Multifamily conference on the afternoon of Tuesday, June 8, 2027, at Joe’s Live in Rosemont, Illinois.
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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