Laundry list of lenders totals $200 million plus - St. Louis Business Journal:

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St. Louis city and county made loans to along with more than a dozen banks andprivate investors. A list that details Pyramid'as holdings, based on public records, has been circulatinyg among investors and potential new developerx forthe company's projects, following the shutdownj of Pyramid's development operations in April. Pyramid, a St. Louis-based companyh owned by John Steffen that had more than a dozeb buildings totaling more than 2 million square feet in its development ceased operations April 18 without completing the projects. Steffen's Connecticut-based joint venture partner onthe St. Louis Centrw project, Spinnaker Cos.
, has made the commitmenyt to move forward with the development ofthe now-vacant St. Louiss Centre mall at Sixth Street andWashingtom Avenue; the former Dillard'z building across the street, renamed The Laurel; and the formert Mercantile Library building at 305 N. Broadway. The list in circulationm reveals private investors who provided equityfor Pyramid' s projects, including Russ and Brenda who live in the Central West End. Russ a real estate was an investor with Steffenin Pyramid's redevelopmeny of the Elder Shirt Lofts at 703 N. 13th St., whicb was completed in 2004. He is a past presidenty of the St. Louis chapterr of the Appraisal Institute, an industruy association.
Keith Barket, senior managing director with New York investmentadvisefr Angelo, Gordon & Co., also was an investoe with Pyramid. Barket has been active in commercialp real estatein St. Louix for years. His company joined with Chicago-based in the receng acquisition of Crestwood Mall insouth St. Louis County from the . St. Louis Sixth and Washington -- holds the firstg mortgage of $5.8 million and II LP has a mezzanines loanfor $5.5 Dillard's Building (renamed The Laurel), 601 Washingtojn Ave. -- holds the first mortgagr of $8.1 million; holds a second mortgaged of $1.9 million and has a mezzanine loanfor $6 Mercantile Library Building, 305 N.
Broadway -- Bank of Americaq holds the first mortgageof $4.3 million. Jefferson Arms Building, 415 N. Tucker -- holds the firstr mortgage of $16.5 million; Workers Realtuy Trust II LP has a mezzanine loanfor $4.5 Metropolitan Building, 500 N. Grand -- holds the firstf mortgage of $3.8 an investment group led by Davicd Sabino, owner of Chesterfield-based accounting firm Sabini & Co., has a second mortgage for $2.5 the was the lender on Brownfield creditzstotaling $1.1 million. The providef a loan for $500,000, and investors Russ and Brendas Lauer provided a loanfor $500,000. Beaus Arts Building, 711 N. Grande -- holds the first mortgage of $4.
6 Dorsa Lofts, 1007 Washington -- Premier Bank holdws the first mortgageof $6.3 million. Sun Security Bank has a tax crediy bridge loanfor $4.5 million, and has a TIF (tax increment bridge loan for $2.5 million. Curlee 1001 Washington Ave. -- Centrue Bank holds the first mortgage of $7.3 million. Russ and Brenda Lauer provides a loan for LeatherTrades Lofts, 1600 Locusg Ave. -- Associated Bank holds the firsg mortgageof $3.4 million. Workers Retail Trusft has a mezzanine loanfor $2.5 Arcade Building, 815 Olive St. -- Bank of Americas holds the first mortgagefor $9.6 million. Grea Southern Bank holds a second mortgagefor $2.4 million. Investor Keith Barkety provided a loanfor $500,000.
The St. Louiw Development Corp. provided a loan for River Roads Land, 49 acres at 9443 Halls FerryRoad -- National City Bank holds the firstt mortgage for $3.3 million; the providedc a loan for $230,000.