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Kennedy Funding Provides $2.7M Land Loan For Kimpton Falls Development In Kansas City
FINANCED
$2,700,000
Missouri
See Similar DealsLand
Financed 02/22/2024
FINANCED
Kennedy Funding Provides $2.7M Land Loan For Kimpton Falls Development In Kansas City
Land
Financed 02/22/2024
Summary
Asset Type:Land
Transaction Type:Loan
The $2.7 million land loan extended by Kennedy Funding to LOF GP LLC is for the development of Kimpton Falls, a 31.5-acre land in Kansas City, MO.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $2,700,000
- Image: Kevin Wolfer & Steven Wilson
- Date: 02/22/2024
- Market: Kansas City, MO
- Landlord: LOF GP LLC
- Broker: Steven Wilson - Barefoot Mortgage
Kevin Wolfer represents Kennedy Funding as the lender in this deal, while Steven Wilson from Barefoot Mortgage acts as the broker facilitating the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,700,000.00
Monthly NOI$18,000.00
Monthly Debt Service$17,065.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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