Gantry Secures $73 Million Refinance Loan For Prairie Creek Apartments In Lenexa Kansas
9395 Scarborough Street
$73,000,000
Units
425
Asset Type
MultiFamily
Closing
Apr 20, 2026
AI
The asset involved in this transaction is a multifamily community known as Prairie Creek Apartments & Townhomes, located at 9395 Scarborough Street in Lenexa, Kansas. This property consists of 425 residential units and is backed by a refinance loan secured by Gantry.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Loan Type: Refinance
- Market: Lenexa, KS
- Brokers: Mark Reichter & Alec Frook - Gantry
The deal was facilitated by brokers Mark Reichter and Alec Frook representing Gantry, who played a key role in securing a Fannie Mae-backed permanent loan for the refinancing of the property, thereby enhancing the financial structure of the investment.
Players
Lenexa 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93