Twin Oaks

Twin Oaks, MO · Business
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Vacant Saint Ann Tower Lands $15.6M Loan for Market-Rate Housing Overhaul
A vacant 14-story apartment tower in Saint Ann, Missouri is getting new life after real estate finance firm Gantry arranged a $15.6 million bridge loan to fund its acquisition and redevelopment. The Santa Ana Apartments, a 169-unit complex at 3737 Ashby Road, had sat empty before being purchased, and the new financing will bankroll a comprehensive renovation aimed at turning the building into market-rate multifamily housing.
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St. Louis Processor Tiger Fiber Files for Chapter 11 Bankruptcy
Tiger Fiber Inc., a St. Louis-based processor of industrial hemp for building materials, filed for Chapter 11 bankruptcy protection Oct. 30 in the US Bankruptcy Court for the Southern District of Illinois in East St. Louis, company officials confirmed. "Tiger Fiber filed for Chapter 11 to restructure its finances while...