KANSAS CITY—Pillar, a Guggenheim Partners affiliate and provider of affordable and conventional housing solutions, has just originated a $16.25 million Fannie Mae DUS loan for the refinancing of Georgetown Apartments, a 395-unit multifamily property located in Merriam, KS, a suburb of Kansas City. Tenants occupy more than 95% of the property.

Adam Klingher, managing director, and Brooke Jackson, analyst, both members of Pillar’s Chicago team, originated the low, fixed-rate loan. Malkin Properties, an owner and operator of multifamily properties across the country, is the sponsor and intends to use the loan to make capital improvements on the property. The transaction closed in August 2014. Pillar officials could not be reached for comment.

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