Finance X Missouri

NorthMarq provides financing for 188-unit apartment project in Missouri

NorthMarq provides financing for 188-unit apartment project in Missouri,ph01

David Garfinkel and Dan Baker of NorthMarq’s St. Louis office arranged debt/joint venture equity financing for the construction of Wildhorse, a multifamily and retail property in Chesterfield, Missouri.

The 188-unit Class A multifamily/retail property will be located on Interstate-64 and Wildhorse Creek Road in Chesterfield. Work on the project will begin in mid-August by the general contractor, Brinkmann Constructors. The apartments will be available for residents in early 2021, with the hotel/conference center and upscale restaurants following.

NorthMarq arranged a three-year interest-only construction loan for the project.

NorthMarq arranged financing for the developers, Pearl Companies and Great Lakes Capital, through its relationship with Canadian Imperial Bank of Commerce.