Walker & Dunlop, a leading commercial real estate finance company, has successfully arranged $65 million in refinancing for the Plaza Vista Offices located in Kansas City, Missouri. The loan was secured by Walker & Dunlop’s Kansas City Capital Markets team led by Managing Director Joseph Platt. As an exclusive advisor to client Platform Ventures LLC, Walker & Dunlop originated the loan through Bank of America to secure fixed-rate permanent debt financing.
The Plaza Vista Offices is a mixed-use development that includes a 10-story office building spanning over 253,736 square feet and sits atop a 950-space underground parking garage. Despite challenges within the current debt capital markets for financing in the office sector, Platt and his team were able to overcome these obstacles with their expertise and strong relationships.
Platt stated: “Given our very high-quality sponsorship with Platform Ventures based in Kansas City and their long-term lease agreement with Polsinelli as their headquarters at Country Club Plaza along with our longstanding relationship with Bank of America as lender; it was crucial that we collaborated efforts to successfully execute this opportunity.”
