Crain Development Secures $28.5 Million Construction Loan For Prairie Wolf Villas In Overland Park

West 176th Street

$28,537,622

$112/SF

Building Size

253,974 SF

Asset Type

Development Site

Closing

Jul 9, 2025

AI

The asset involved in the transaction is a development site located on West 176th Street in Overland Park, Kansas. The site spans 253,974 square feet and is part of a phased 160-unit Build-to-Rent (BTR) project known as Prairie Wolf Villas (PWV). The project is included in a larger 70-acre master development that encompasses both commercial space and multifamily apartments.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $28,537,622
Loan Type: Construction
Loan Terms: 36-months
Lender: NASB (North American Savings Bank)
Landlord: Crain Development
Brokers: Michael Lohan, Evan Gaines & Luke Burns - Nineteen Blocks

Nineteen Blocks represented Crain Development in this transaction, emphasizing the strategic location of the project directly across from Blue Valley SW, a top-rated school in the Kansas City Metro. The firm is actively seeking to capitalize developers across the nation by providing both equity and debt solutions.

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