Gantry the largest independent commercial mortgage banking firm in the U.S., has secured a $48.3 million permanent loan to retire construction financing for The Edison at Maple Grove apartments located at 9820 Garland Lane North in Maple Grove, a fast-growing suburb about 20 miles northwest of Minneapolis. The two-building, five-story, class A, podium-style building features 248-units over two-stories of heated underground parking with an additional 149 surface parking spaces. Floor plans include one-, two-, and three-bedroom layouts with interior finishes featuring modern kitchens with stainless steel appliances, premium plank flooring, carpeted bedrooms, and in-unit washer/dryer. Property amenities include resort-style swimming pool with cabana, rooftop clubhouse, business center, fitness center, dog park, and playground.

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 10-year, fixed rate, non-recourse, full-term interest only loan was secured from Freddie Mac.

According to Gantry’s Joe Monteleone, “The marketplace for debt on high-quality multifamily is flush with the agencies, life companies, banks and others competing aggressively for their target allocations. Gantry’s role in the financing process is to review all potential lenders to optimize for a client’s investment plans. For an experienced sponsor building class A product like The Edison at Maple Grove planned for a legacy hold, current Freddie Mac permanent loan programs for construction takeout financing can offer the desired long-term stability and even offer full-term interest only to enhance cash flows if debt service capacity aligns. Through this vetted program, our team has successfully financed $144.7 million for four Edison branded properties in 2026 representing 869 class A units in three states.”