Sundance Bay Secures $25.5 Million Refinance Loan For Overland Crossing In Overland Park, KS

The property asset involved in this transaction is a grocery-anchored retail center located at 11900 Metcalf Ave in Overland Park, Kansas. The asset spans 140,806 square feet and is currently 94% leased with notable tenants including Whole Foods, Burlington, and Nordstrom Rack.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,500,000
• Loan Type: Refinance
• Loan Terms: Three-year, floating-rate loan
• Lender: Värde Partners
• Landlord: Sundance Bay
• Brokers: Chris Gandy, Tom Gilliland & Michael Nieder - JLL

This refinancing deal was secured by JLL Capital Markets, representing Sundance Bay as the borrower. The arrangement was facilitated with Värde Partners, highlighting the involvement of these key financial and brokerage entities in the transaction.