The asset involved in this transaction is the 108-unit Hillside Apartments located at 111 Hillside Drive in Independence, MO. The loan type is a recapitalization with a loan amount of $10,000,000 secured through Fannie Mae.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $10,000,000
• Loan Type: Recapitalization
• Address: 111 Hillside Dr
• Market: Independence, MO
• Brokers: Alec Frook & Mark Reichter - Gantry

Alec Frook and Mark Reichter of Gantry represented the interests of the stakeholders in this transaction, facilitating the loan process and the recapitalization of existing debt on the property.