Sep 16, 2011
OTC Disclosure News Service
Kansas City, MO – On September 15, 2011 Tower Properties Company (Tower) obtained $5,000,000 of financing for the Peppertree Apartments Phase II in Merriam, Kansas. The new loan of $5,000,000 is a 10-year non-recourse loan (25 year amortization) at 5.2% that matures on October 1, 2021.
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