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:
- Property Type: Multifamily
- Transaction Amount: $52,000,000
- Market: Overland Park, KS
- Lender: Freddie Mac
- Landlord: Price Brothers
- Broker: Greg Duvall - Northmarq
- Loan Type: Refinance
- Units: 476
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
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