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Gantry Secures $30.3M Refinance Loan For Black Lark Apartments In Kansas City
FINANCED
$30,300,000
Kansas
See Similar DealsMultiFamily
Financed 05/22/2025
FINANCED
Gantry Secures $30.3M Refinance Loan For Black Lark Apartments In Kansas City
1979 North 3rd Street
See Similar DealsMultiFamily
Financed 05/22/2025
Summary
KANSAS
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved is a multifamily property located at 1979 North 3rd Street in Kansas City, MO, featuring a total of 265 units. The transaction involves a refinance loan amounting to $30,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $30,300,000
- Loan Type: Refinance
- Date: 05/22/2025
- Address: 1979 North 3rd Street
- Market: Kansas City, MO
- Units: 265
The brokers facilitating this transaction are Alec Frook and Mark Reichter from Gantry, who secured the permanent loan for refinancing the Black Lark Apartments.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,300,000.00
Monthly NOI$202,000.00
Monthly Debt Service$191,516.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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