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Platform Ventures LLC Refinances Plaza Vista Offices In Kansas City With $65M Loan From Bank Of America
FINANCED
$65,000,000
Missouri
See Similar DealsOffice253,736 SF
Financed 11/25/2024
FINANCED
Platform Ventures LLC Refinances Plaza Vista Offices In Kansas City With $65M Loan From Bank Of America
900 West 48th Street
See Similar DealsOffice253,736 SF
Financed 11/25/2024
Summary
MISSOURI
Asset Type:Office
Price Per Square Foot:$256
Total Square Footage:253,736 SF
Transaction Type:Loan
The property asset involved in this transaction is an office located at 900 West 48th Street in Kansas City, MO, comprising a total square footage of 253,736. This loan transaction involves a refinance with a total loan amount of $65,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65,000,000
- Landlord: Platform Ventures LLC
- Broker: Joseph Platt - Walker & Dunlop
- Loan Type: Refinance
- Date: 11/25/2024
- Market: Kansas City, MO
Walker & Dunlop facilitated the refinancing for Platform Ventures LLC through a fixed-rate loan arranged with Bank of America specifically for Plaza Vista Offices.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$65,000,000.00
Monthly NOI$433,333.33
Monthly Debt Service$410,844.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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