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CIT Provides $42.5 Million in Financing for St. Louis Apartment Project
January 12, 2021 GMT
(PRNewsfoto/CIT Group Inc.)
NEW YORK, Jan. 12, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.5 million in financing for the construction of the new Terra At the Grove Apartment project in St. Louis, Missouri.
The four-story structure, to be built by St. Louis-based developer Green Street, is the first project in St. Louis to pursue FitWell Certification and is designed as a mixed-use project that will feature more than 300 residential units as well as ground-floor retail space and associated parking. Planned amenities include a large courtyard, outdoor pool, walking and running paths, business center, club and movie rooms and more.