Axonic Capital Provides $27.37 Million Loan For Plaza Club City Apartments Acquisition In Kansas City

The Plaza Club City Apartments is a multifamily asset located at 4621 Jefferson Street in Kansas City, MO. This property comprises 214 units and has been acquired with a loan amount of $27,370,000, specifically for the purposes of acquisition and repositioning.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27,370,000
• Address: Plaza Club City Apartments, 4621 Jefferson Street
• Market: Kansas City, MO
• Lender: Axonic Capital
• Brokers: Dylan Kane, Zach Redding & Jared King - Colliers
• Loan Type: Acquisition & Repositioning

The individuals involved in this transaction include brokers Dylan Kane, Zach Redding, and Jared King, all representing the interests in this deal through Colliers. The financing structure of the deal is crucial for supporting the repositioning efforts of the asset going forward.