CRE P Kansas

Pillar closes $16 million refinancing loan for 395-unit apartment complex in Kansas

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Pillar has originated a $16.25 million Fannie Mae DUS loan for the refinancing of Georgetown Apartments, a 395-unit garden-style multi-family property in Merriam, Kansas.

Pillar has originated a $16.25 million Fannie Mae DUS loan for the refinancing of Georgetown Apartments, a 395-unit garden-style multi-family property in Merriam, Kansas.

The property is more than 95-percent leased.

Pillar's Chicago originations team of Adam Klingher and Brooke Jackson originated the loan. The ponsor is Malkin Properties, an owner/operator of multi-family properties across the country.

Georgetown Apartments is located 11 miles southwest of downtown Kansas City.