Updated Dec 5, 2024
Gantry Arranges $17.2M Loan For Two Kansas City Area Multifamily Complexes
801 Meadowbrook & 15400 Bellaire Avenue
$17,200,000
Units
73
Asset Type
MultiFamily
Closing
Nov 20, 2024
About this deal
AI
The asset involved in this transaction is comprised of two apartment complexes located at 801 Meadowbrook in Warrensburg and 15400 Bellaire Avenue in Grandview, MO. The properties are classified as MultiFamily, with a total of 73 units in Meadowbrook Estates and 56 units in Chelsea Apartments. The loan amount secured for these complexes is $17,200,000, facilitated by Fannie Mae.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17,200,000
- Lender: Fannie Mae
- Brokers: Alec Frook & Mark Reichter - Gantry
- Market: Warrensburg & Grandview, MO
This transaction was arranged by Gantry, illustrating their role in securing permanent loans for the two apartment complexes, reflecting their expertise in the Kansas City market. The transaction signifies a commitment to financing for residential properties in the region, showcasing the growing demand for MultiFamily assets.
On the Map
$17,200,000
MultiFamily
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Players
Warrensburg 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93