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Chicago & Midwest  + Midwest  + Hospitality  |  March 21, 2024
Jasmine Kilman
By: Jasmine Kilman

Diversified Commercial Capital Secures Loan for KS Entertainment Property

Diversified Commercial Capital, an Arizona-based commercial real estate mortgage brokerage firm, has arranged a $6.6 million acquisition and improvement loan for Rush Funplex, an 80,403-square-foot family entertainment center in Shawnee, Kansas.

Located along the Shawnee Mission Parkway off W 62nd Terrace, the site is in a multi-tenant retail center that has a roster of notable tenants, including Plant Fitness and a Hy-Vee supermarket. “It’s exciting to be a part of this concept’s expansion,” said Chris Natale, managing principal at Diversified Commercial Capital.

Diversified Commercial Capital worked on behalf of the borrower to secure the loan from a regional lender. A credit union passed on the opportunity after issuing terms and Diversified Commercial Capital was able to procure fixed-rate financing at a favorable rate and term of five years. The borrower has expanded to its sixth location in Shawnee with plans for further expansion throughout the Southwest.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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