Finance X Missouri

CBRE secures financing for 52-unit multifamily project near Kansas City

CBRE secures financing for 52-unit multifamily project near Kansas City,ph01

CBRE|Capstone has secured acquisition financing for the 26-building, 52-unit townhome subdivision Peregrine Valley in Independence, Missouri.

Don Coleman and John Perlik from CBRE|Capstone secured the financing on behalf of their client, Peregrine Holdings, LLC, from Wall Street CMBS.

The $5.206 million loan has a fixed rate of 5.44 percent, is non-recourse and is amortized over 30 years. The loan also carries a 72.5 percent loan-to-value ratio.