Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $32.4 million permanent loan to refinance construction debt for Mia Rose Holdings’ 44 West Luxury Living apartment community. Located at 91 Kaiman Lane in suburban Valley Park, Mo., just outside St. Louis, the modern 204-unit garden-style apartment community features one- and two-bedroom floorplans. The property, comprised of five residential buildings and a clubhouse, completed construction in 2024 and is now stabilized for a legacy hold. The class A property features a wide range of amenities including: a clubhouse with pool table, TV's, fireplace and conversational seating; heated pool and sundeck; outdoor grill area with fire pit; and fitness center. Unit interiors include: white quartz counters; contemporary soft close cabinetry; stainless steel appliances; in-unit washer/dryer; walk-in closets; and nine-foot ceilings throughout.

Gantry’s Joe Monteleone, Principal, and Bonnie Monteleone, Senior Associate, with the firm’s St. Louis production office represented the borrower, a private real estate investor. The five-year, fixed rate loan was secured from an institutional direct lender at an attractive rate for the current cycle and features interest only terms for the duration of the loan.

According to Gantry’s Joe Monteleone, “Multifamily assets continue to enjoy strong interest from a wide range of lenders in the current market cycle. For a high-quality project like 44 West demonstrating strong performance with an experienced sponsor, we were able to review maturing construction debt against various permanent programs from a range of lenders. Ultimately, we identified a shorter-term permanent loan from an institutional direct lender on Gantry’s extensive roster of debt sources, optimized for supporting the property’s legacy hold with full term interest only for the duration of the loan to maximize cash flows.”

44 West was developed by Mia Rose Holdings, a St. Louis-based real estate development firm specializing in multifamily and mixed-use communities throughout the Midwest. The refinancing ensures 44 West will remain a long-term asset in the Mia Rose Holdings portfolio, supporting the company’s strategy of delivering high-quality communities across the Midwest.

“We are thrilled to see 44 West reach this point of stabilization,” said Tom Kaiman, Founder of Mia Rose Holdings. “From the beginning, our goal was to create a modern, connected community in Valley Park, and it’s rewarding to see residents embracing the lifestyle and amenities we envisioned. Gantry has been a trusted partner in helping us achieve this milestone, ensuring the property is well-positioned for long-term success.”

ABOUT MIA ROSE HOLDINGS, LLC

Mia Rose Holdings LLC (MRH) is a commercial real estate development company that actively acquires and develops real estate to support the needs and vision of local communities. Since 2014, MRH has become a dominant player in fast growing markets like Northwest Arkansas, St. Louis, Indianapolis and Dallas. The firm has more than 3000 units complete or underway in 19 high-end communities. MRH’s in-house team has a depth of experience providing comprehensive real estate development services from site acquisition and design oversight to scope development and in-house construction management. In addition to multi-family and mixed-use developments, MRH has a strong niche developing and consulting for ice rinks and other youth athletic facilities, including Maryville University Hockey Center, Pacific Ice Rink and Chesterfield Sports Complex. For more information about Mia Rose Holdings, visit www.miaroseholdings.org. or follow on LinkedIn.