The redevelopment of the former Commerce Bank Executive Office building in downtown Kansas City, Mo., will create a 184-unit community. Berkadia originated the financing.
Worcester Investments has received a $33 million loan for Flashcube Apartments, a 184-unit multifamily property being redeveloped in the city’s urban core. Berkadia Managing Director John Schorgl originated the renovation and repurposing loan through Boston-based UC Funds. The two-and-a-half-year refinancing has an adjustable and interest-only rate through the term of the loan.