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M&T Realty Capital Provides $3.975M in Acquisition Financing for Missouri Multifamily Property

BALTIMORE, MD – M&T Realty Capital Corporation® announced today that it has closed a $3,975,000 Fannie Mae Green Rewards loan for the acquisition of Colony Court Apartments, an 80-unit garden-style apartment community in Kansas City, MO, on behalf of Prosperity CRE.

Colony Court offers two-bedroom units for rent. Property amenities include carports, a pool, and complimentary Google Fiber high speed internet access. Prosperity CRE will implement several capital improvements to the property—including energy- and water-saving improvements as part of the Green Rewards program—and plans to rebrand the community.

“Planned improvements include a new dog park, a new barbeque and picnic area, an upgraded pool area, and a new community center and leasing office. Landscaping will also be upgraded, and a unit improvement program will be implemented that will feature updated kitchens, bathrooms and flooring,” states Mark Rios, Founding Partner and Principal of Prosperity CRE. “As we reposition the apartment complex to provide greater features and amenities, we’ll also be rebranding it as Hidden Hills Apartments.

Public records: Aug. 19, 2019

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What would you do regarding a potential house move?

Hi, the house we live in at the moment is semi detached with 3 bedrooms. We have done a lot of work to this house and there is still a bit more to do.

You've got some good replies which I agree with.

So let me be "devils advocate" to help you make up your mind.

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