Gantry Secures $10M Loan for Refinancing of Multifamily Property in Suburban Kansas City

Gantry Secures $10M for Multifamily Refinancing of Hillside Apartments in the Kansas City MSA

Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $10 million loan to recapitalize existing debt on the Hillside Apartments located in Independence, Missouri, an eastside suburb of the greater Kansas City MSA. Hillside Apartments is a garden-style, three-story complex which offers 108-units in studio, single, and two-bedroom floorplans across […] The post Gantry Secures $10M for Multifamily Refinancing o…

Gantry Secures $10M Loan for Refinancing of Multifamily Property in Suburban Kansas City

INDEPENDENCE, MO. — Gantry has secured a $10 million loan for the refinancing of Hillside Apartments in the Kansas City suburb of Independence. The garden-style, three-story property features 108 multifamily units across 14 buildings at 111 Hillside Drive. The fully stabilized asset underwent a complex-wide renovation. Mark Reichter and Alec Frook of Gantry arranged the financing on behalf of the borrower, a private real estate investor. Fannie …