Updated Aug 11, 2025
Gantry Secures $11.5M Loan For Kansas City Multifamily Property With 200 Units
8619 East 61st Terrace
$11,500,000
Units
200
Asset Type
MultiFamily
Closing
Aug 8, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 8619 East 61st Terrace, Kansas City, MO, comprising 200 units. The loan secured for this property amounts to $11,500,000, structured as a three-year, fixed-rate loan that includes an upfront interest-only period, leading to a 30-year amortization schedule.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $11,500,000
- Loan Terms: three-year, fixed-rate loan with interest-only period followed by 30-year amortization
- Market: Kansas City, MO
- Units: 200
- Brokers: Mark Reichter & Alec Frook - Gantry
- Lender: Insurance company
The financing for this transaction was arranged by Gantry’s Mark Reichter and Alec Frook, representing a private investor on this deal. The loan facilitated by an insurance company lender highlights the collaboration between these key participants in the transaction.
On the Map
$11,500,000
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93