National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Missouri  + Finance  | 

Berkadia Secures $30M Acquisition Financing for 35-Story K.C. MF

Berkadia arranged $30 million in acquisition financing for 909 Walnut, a 35-story multifamily property in downtown Kansas City, MO, on behalf of Worcester Investments. Simbol Commercial sold the property that was built in 1931 as an office tower.

The building was converted to a 152-unit residential building in 2005, 22 of which are individually owned condominium units, as well as a small amount of office and retail. Located at 909 Walnut St., the property offers luxurious one and two-bedroom floor plans with granite countertops, stainless steel appliances and hardwood floors. The property also features a rooftop garden, a fitness center and a private parking garage.

Berkadia’s John Schorgl, who secured the 12-year permanent loan through Fannie Mae, says, “This was a tricky deal due to the fact that the total purchase included the tower (909 Walnut), the parking garage (915 Walnut) and the office building (929 Walnut), financed by different lenders.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With Worcester InvestmentsConnect With Berkadia’s Schorgl

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
New call-to-action
New call-to-action