The usually busy downtown Des Moines construction site for what would be Iowa's tallest residential building has fallen silent, its massive tower crane lowered and at a standstill. Delays in obtaining a loan to pay Beal Derkenne Construction, the contractor for 515 Walnut, forced work to halt on Monday, Oct. 27, as first reported by KCCI-TV. Lead developer Joe Teeling told the Des Moines Register on Wednesday the loan was initially supposed to close in early October. Now, it looks like the deal should be settled by the end of the month, he said. The $168 million project is being financed through equity and a loan of more than $100 million. Financing hit a snag while finding "the right lender" and finishing documentation, Teeling said. The 33-story tower would be the largest in Des Moines's central business district since 2007, housing 390 apartments. Tap the link in our bio for more on this story. #DesMoines #Iowa #DSMUSA