Northmarq Provides $38.9M Fannie Mae Financing For Timberland Partners' Multifamily Property At 8101 NW Barrybrooke Drive In Kansas City, MO
FINANCED
$38,900,000
Missouri
See Similar DealsMultiFamily
Financed 09/30/2022
FINANCED
Northmarq Provides $38.9M Fannie Mae Financing For Timberland Partners' Multifamily Property At 8101 NW Barrybrooke Drive In Kansas City, MO
8101 Northwest Barrybrooke Drive, Kansas City, Missouri 64151, United States
See Similar DealsMultiFamily
Financed 09/30/2022
Summary
MISSOURI
Asset Type:MultiFamily
Transaction Type:Loan
8101 NW Barrybrooke Drive in Kansas City, MO, is a multifamily property consisting of 276 units. The property has recently undergone a closed transaction, with a loan obtained from northmarq''>Northmarq, a prominent lender. Timberland Partners, the landlord, facilitated the deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,900,000
- Loan Type: Fannie Mae financing
Northmarq provided a loan amount of $38,900,000 for the acquisition of 8101 NW Barrybrooke Drive. The multifamily property, with its 276 units, attracted the attention of Timberland Partners, who acted as the landlord in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,900,000.00
Monthly NOI$259,333.33
Monthly Debt Service$245,874.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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