PARKVILLE, Mo. – October 25, 2017 – Berkadia announced today the financing and sale of The Links at Parkville Apartments, a multifamily property located in Parkville, Missouri. Senior Director Michael Sullivan and Director Brett Meinzer of the Kansas City office and Managing Director Alex Blagojevich of the Chicago team completed the sale on behalf of the seller, Utah-based Peak Capital Partners. Managing Director John Schorgl, also of the Kansas City team, originated the financing on behalf of the buyer, Texas-based Urban Southwest Capital, LP through Berkadia’s proprietary bridge lending program.
“Given the competitiveness at the finish line, one major differentiator for Urban Southwest was their commitment to using Berkadia’s in-house debt team and proprietary bridge lending program to originate the acquisition financing,” said Meinzer. “Urban Southwest was attracted to the overall quality of the property and the unique Parkville submarket. 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.”
The Links at Parkville Apartments is located at 11107 NW Lema Drive, affording convenient access to Interstate 435, as well as nearby shopping and dining in downtown Parkville. The one-, two- and three-bedroom apartment homes feature dishwashers, patios or balconies, fireplaces, walk-in closets and select units have private garages. Community amenities include a fitness center, a pool, a volleyball court, a playground and a barbeque area.
“This transaction needed to happen quickly and our proprietary bridge program was a perfect fit,” added Schorgl.