Gantry Secures $11.5M Loan For Kansas City Multifamily Property With 200 Units

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.