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
$38,900,000
Units
276
Asset Type
MultiFamily
Closing
Sep 29, 2022
AI
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.
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
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93