LOUIS – November 5, 2020 – Berkadia today announced the financing secured for River Vista, a garden-style multifamily property in Wichita, Kansas. Associate Director Pat Garlich of Berkadia’s St. Louis office secured the permanent acquisition financing on behalf of the buyer, Missouri-based Maxus Properties. The deal closed on October 16.
“We are pleased to help our client lock in a historically low rate,” said Garlich. “Even with the current headwinds of the industry, we were able close quickly and effectively in 46 days because of our experienced teams.”
Located at 150 N McLean Blvd. near the Arkansas River, River Vista features one- and two-bedroom floor plans with in-unit washers and dryers. Community amenities include a fitness center, a swimming pool, an outdoor area with grilling stations, a sundeck, a business center and a clubhouse. Residents are afforded convenient access to the shops and restaurants in The Delano district and Old Town Wichita.
Berkadia’s Mid-Markets Group also completed the sale of this property.