One Light Tower is a 307-unit upscale market rate apartments with approximately 2,800 square feet of ground floor retail space. The property is located in Kansas City, Missouri within the Power & Light District known as the mid-west’s premier entertainment epicenter containing 50 unique shops, restaurants, and entertainment venues. Community amenities include a rooftop pool, fitness center and free Google Fiber Wi-Fi for all tenants.
Using HUD’s Section 221d4 New Construction program for insurance advances, AGM obtained a HUD-insured mortgage of $59,999,900 at a fixed interest rate with a 40-year term.
