Updated Sep 17, 2026
Gantry Secures $50.8 Million Refinance Loan For MultiFamily Properties In Kansas City
12940 Wornall Road
$50,800,000
Units
222
Asset Type
MultiFamily
Closing
Sep 16, 2026
About this deal
AI
The transaction involves a multi-family asset located at 12940 Wornall Road, Kansas City, MO, consisting of 222 units. The loan amount for this property transaction is $50,800,000, associated with a refinance loan type.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $50,800,000
- Loan Type: Refinance
- Date: 09/16/2026
- Address: 12940 Wornall Road
- Market: Kansas City, MO
- Units: 222
- Brokers: Mark Reichter & Alec Frook - Gantry
Gantry secured two permanent CMBS loans to refinance bridge debt on the recently renovated Palisades Apartments and Mayfair Apartments located in Kansas City.
On the Map
$50,800,000
MultiFamily
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Players
Kansas City 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93