This was a one-of-a-kind opportunity to purchase a lakefront community in the high-growth submarket of Kansas City, MO. The unique property features condo-like units with unparalleled views, and we were able to secure the purchase at an incredible basis of $38k per unit.
In the fall of 2020, 5 years after acquisition, we refinanced our initial acquisition loan into a new 10-year fixed rate loan which resulted in the return of 82% of investor capital.
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