### $42.9M Bridge Loan Secured for St. Louis Park Senior Living Property
A $42.9 million bridge loan refinancing has been secured for **Risor SLP**, a 170-unit, 55+ apartment community completed in 2023 in St. Louis Park, Minnesota.
**JLL** represented the borrower, **Roers Companies**, in arranging the 2.5-year, floating-rate refinancing. The JLL team was led by Managing Director **Scott Loving**, Senior Director **Scott Streiff**, Vice President **Gary Marchiori**, and Associate **William Hintz**.
Risor SLP is a six-story residential complex featuring 170 units, including 18 affordable apartments designated for income-restricted renters. The property offers a mix of studio, one-, two-, and three-bedroom units.
Located at **3510 Beltline Blvd.**, the community provides convenient access to Hwy-7 and Hwy-100, just minutes from downtown Minneapolis.
*”The successful arrangement of bridge financing for Risor SLP demonstrates the continued strength of the Twin Cities multifamily market, particularly in the growing 55+ segment,”* said Loving. *”This project’s strategic location in St. Louis Park and its high-quality amenities make it an attractive investment opportunity in today’s market.”*
