Updated Sep 1, 2026
Gantry Secures $22.75 Million Loan For University Digs Multifamily Community In Pittsburg, KS
1902 South Broadway Street
$22,800,000
Units
190
Asset Type
MultiFamily
Closing
Aug 30, 2026
About this deal
AI
The transaction involves a multi-family asset, specifically the 190-unit University Digs apartment community located at 1902 South Broadway Street in Pittsburg, Kansas. The loan amount secured for this property is $22,800,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $22,800,000
- Address: 1902 South Broadway Street
- Market: Pittsburg, KS
- Brokers: Mark Reichter & Alec Frook - Gantry
Gantry played a significant role in this transaction by securing a permanent loan for the property adjacent to Pittsburg State University. The loan amount is closely aligned with the needs of the University Digs apartment community.
On the Map
$22,800,000
MultiFamily
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Players
Pittsburg 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93