KANSAS CITY, Mo. – October 11, 2018 – Berkadia today announced the financing for Lakeview Crossing Townhomes, a multifamily property in Blue Springs, Missouri. Managing Director John Schorgl of the Kansas City, Missouri office secured the loan on behalf of Missouri-based WI Douglas Place, LLC through Mutual of Omaha Bank. The deal closed on September 12.

The five-year fixed-rate acquisition loan features a competitive rate and a high leverage loan-to value ratio with a 30-year amortization schedule.

“This is a great addition to Worcester Investments’ multifamily portfolio,” said Schorgl. “The units are all townhomes with private garages and driveways and have been updated with the latest smart home technology.”

Located at 903 SE Gingerbread Lane, Lakeview Crossing Townhomes features three-bedroom units with large open floor plans that include washers and dryers, fully-equipped kitchens, patios or decks and walk-in closets. Community amenities include a pool, a 24-hour fitness center and 24-hour emergency maintenance. The property affords convenient access to U.S. Route 40 and Interstate Route 70, as well as nearby local shopping and restaurants.