Berkadia Completes Sale, Secures Financing for MO Property
- Oct 31, 2017
Berkadia brokered the financing and sale of The Links at Parkville Apartments, a 244-unit multifamily property in Parkville, Mo.
John Schorgl, managing director of the company’s Kansas City office, originated the financing on behalf of the buyer, Texas-based Urban Southwest Capital LP through Berkadia’s proprietary bridge lending program. Senior Director Michael Sullivan and Director Brett Meinzer of the same office and Managing Director Alex Blagojevich of the Chicago team worked on behalf of the seller, Utah-based Peak Capital Partners.
Located at 11107 NW Lema Drive, The Links at Parkville Apartments provides access to Interstate 435 as well as nearby shopping and dining options in downtown Parkville, Mo. The community is within a 25-minute drive of Kansas City.
According to Yardi Matrix data, the property features 54 one-, 148 two- and 43 three-bedroom units, ranging in size from 762 to 1,585 square feet. Apartments also feature dishwashers, patios or balconies, fireplaces, walk-in closets and select units have private garages. Amenities include a fitness center, pool, volleyball court, playground and barbecue area.
“Peak Capital Partners recently made strategic capital improvements to the property, providing Urban Southwest with a solid foundation from which to execute their business plan,” said Schorgl, in a prepared statement.
Image courtesy of Berkadia
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