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12401 West 120th Street

Price Brothers Secures $52M Freddie Mac Refinance Loan For 476-Unit Multifamily In Overland Park
FINANCEDMultiFamily

Price Brothers Secures $52M Freddie Mac Refinance Loan For 476-Unit Multifamily In Overland Park

12401 West 120th Street

$52,000,000

Building Size

Asset Type

MultiFamily

Closing

May 9, 2025

AI

The asset involved is a 476-unit multifamily property located at 12401 West 120th Street in Overland Park, KS. The loan amount arranged for this property is $52,000,000, which has been designated for refinancing purposes.

Summary of transaction details:

Greg Duvall from Northmarq represents the interests of Price Brothers in arranging the refinancing loan through Freddie Mac for Stonebriar Woods. This transaction highlights the collaboration between key players in the multifamily property sector.

Players

Greg Duvall

NorthMarq

Broker

$674.6M

vol

5 deals

Broker
Freddie Mac
Freddie MacLender

Overland Park MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93