JLL Secures $12.7M Construction Loan For Waldo District Multifamily Development

The development site located at 7421 North Broadway Avenue in Kansas City, MO, was the subject of a recent transaction involving an equity investment of $12.7 million. The asset, a new 283-unit Class A multifamily community in Kansas City's Waldo neighborhood, was acquired through a construction loan for the Waldo District project.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $12,700,000
• Landlord: EPC Real Estate Group
• Broker: Mark Erland - JLL
• Loan Type: Construction

JLL played a crucial role in facilitating the $12.7 million equity investment for the Waldo District project. The landlord, EPC Real Estate Group, and the broker, Mark Erland from JLL, oversaw the successful transaction, ensuring the development of the 283-unit multifamily community in the vibrant Waldo neighborhood of Kansas City.