**Berkadia Arranges $15.4M Refinancing for St. Louis Multifamily Community**
Berkadia has secured a $15.4 million refinancing loan for Pure St. Peters, a 143-unit multifamily community located in St. Peters, a suburb northwest of St. Louis, Missouri.
The financing was arranged by Berkadia’s Miami team, including Senior Managing Director Charles Foschini, Managing Director Christopher Apone, and Associate Director Shannon Wilson. The team secured a five-year, fixed-rate loan backed by Freddie Mac on behalf of the property’s owner, Tilden Legacy Pure St. Peters Apartments, LLC. At the time of closing, the property was 94% occupied.
“Our relationship with Freddie Mac continues to be a valued component of our client’s business and has allowed them to grow their investment portfolio through diverse markets nationally,” said Foschini.
Pure St. Peters, located at 2100 Pure Street, is a three-story multifamily complex built in 2019. The property features one- and two-bedroom apartments and offers residents access to nearby shops, restaurants, and major employers such as Barnes-Jewish St. Peters Hospital and Amazon. The location also provides convenient access to Interstate 70.
