Gantry secured an $11.5 million loan for the acquisition of The Life at Highland Village apartment complex at 8619 E. 61 Terrace in Kansas City, Missouri, within the Lewis Heights neighborhood on the city’s East Side.
The 200-unit garden style property includes 11 buildings offering a mix of one- and two-bedroom floorplans with a majority of units featuring recent appliance upgrades and new modern finishes. Amenities include extensive grass-covered open space, a swimming pool, children’s playground, and dog park.
Gantry’s Mark Reichter, Principal, and Alex Frook, Associate, with the firm’s Kansas City production office represented the borrower, a private real estate investor. The three-year, fixed rate loan was provided by one of Gantry’s correspondent insurance company lenders and features an upfront interest only period followed by 30-year amortization.
