Jll Arranges $42.9m Bridge Financing For Active Adult Community In Metro Minneapolis 

ST. LOUIS PARK, Minn. — JLL Capital Markets has arranged a $42.9 million bridge loan for the refinancing of Risor of St. Louis Park, an active adult community located in St. Louis Park, roughly 10 miles outside downtown Minneapolis. Roers Cos. is the borrower. 

Completed in November 2023, the apartment community features 170 units reserved for residents ages 55 and older in studio, one-, two- and three-bedroom layouts. The property includes 18 affordable residences for income-restricted renters. 

Amenities at the community include a club room, golf simulator, movie theater, pool and spa, pickleball court and sky lounge and sky deck. 

Roers Cos. will use the 2.5-year, floating-rate loan to replace the current construction financing on the property. 

Scott Loving, Scott Streiff, Gary Marchiori and William Hintz of JLL secured the financing on behalf of the borrower. 

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