Mortgage lead for Commercial loan in Gardner, KS, 66030

Loan Request for Commercial loan in Gardner, KS, 66030

Request #3732882 by Lender

Date Posted

5/2/2025 3:26:35 PM

Property at

Gardner, KS, 66030, USA Show Map

Borrower at

Property Type

Commercial

Property Value

$24,000,000

Loan Request

$15,000,000

LTV

62.5 %

Credit Rating

780 or more

Net Worth

$1,000,000 - $4,000,000

Loan Purpose

Purchase and Construction

Purpose

We have a commercial mix use development underway in Gardner, KS. We're looking for $4m to refinance the current bridge loan, and an additional $10m of horizontal construction financing. Estimated Proceeds or end value is $24.67M.

This is a 58 Acre development and we currently have LOI's for 4 of the sites:

Multifamily:
Lot Size: 887,753 SF
Price: $10.00/SF
Sales Price: $8,877,528.00
Under Contract - A National Developer whom we have worked with on other projects that have been a great success.

Travel Plaza(Lot 4 & 7):
Lot Size: 174,240 SF
Price: $18.50/SF
Sales Price: $3,223,440.00

Dental/Health Clinic (Lot 6)
Lot Size: 68,507 SF
Price: $21.00/SF
Sales Price: $1,438,647

Retail Site Lot Size: 152,460 SF
Price: $21.00/SF
Sales Price: $3,201,660
Local Restaurant: 90+ year old historic and well known Bar and Grill with multiple locations in the KC metro area. Other Tenants: National Pet Supplier, Regional Bank

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Loan Request for Commercial loan in Gardner, KS, 66030