Platform Ventures LLC Refinances Plaza Vista Offices In Kansas City With $65M Loan From Bank Of America
900 West 48th Street
$65,000,000
$256/SF
Building Size
253,736 SF
Asset Type
Office
Closing
Nov 25, 2024
About this deal
AI
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.
Players
Kansas City Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Walker & Dunlop to view all their deals.
Browse Kansas City office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93