ST. LOUIS, MISSOURI (September 2, 2020) – David Garfinkel, senior vice president/managing director of NorthMarq’s St. Louis office arranged acquisition financing of $50.57 million for The Barton Apartments. The 228-unit multifamily property is located in Clayton, Missouri. The transaction was structured with a 10-year term. NorthMarq arranged financing for the borrower through its in-house Fannie Mae team.
“The Barton Apartments are a trophy asset in Clayton, Missouri and we were thrilled to be able to provide acquisition financing for the buyer of the property,” said Garfinkel. “We were able to navigate through any issues related to Covid and made for a seamless execution amongst the parties”
With one of the most sought after zip codes in the region, The Barton is the perfect balance of upscale city living and quiet retreat. The property features 228 luxury apartment homes in a smoke-free community and provides countless first class amenities for residents. Located on Maryland Avenue, The Barton boasts close proximity to countless shops, restaurants, activities, and employers, and backs up to the Centennial Greenway Trail for a quick bike ride or walk to the beautiful Shaw Park. Recognized as the location of choice for local, national and international businesses alike, Clayton remains one of the most in-demand submarkets in the greater Midwest. The property also provides easy access to the greater St. Louis area via I-170, located less than one half mile from the property.
– Clubroom with kitchen
– Business Center
– Personal wine storage
– State-of-the-art fitness center
– Active resident social events
– Pet spa
– Guest suite
– Condo quality finishes
– Granite countertops with modern cabinetry
– High-end bathroom finishes including heated floors
– Expansive 10 foot ceilings