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NCB’s $7.3 Million Construction Loan Instrumental in Completion of 53-Unit Senior Housing Community in Shawnee, Kansas

Village Cooperative of Shawnee: First Senior Housing Co-op Developed in Heart of Kansas City

Washington, DC May 17, 2016 National Cooperative Bank (NCB), a leading financial services company dedicated to serving cooperatives nationwide, is proud to be part of the celebration for the completion and grand opening of Village Cooperative of Shawnee, Kansas City’s first senior housing cooperative development in the Kansas City Metro area. NCB was instrumental in the completion of the three-story cooperative having provided a $7.3 million construction loan for the development.  

Located in the Kansas City Metropolitan area at 12830 Johnson Drive, the Village Cooperative of Shawnee is a three-story community comprised of 53 beautifully-appointed homes for active seniors 55+ years of age. The community is conveniently situated close to numerous shopping destinations, as well as the Shawnee Aqua Park, Civic Center and Library and the popular Shawnee Mission Park.  

Developed by Real Estate Equities Development, LLC, a Minnesota-based real estate development and property management firm, the Village Cooperative of Shawnee, boasts a number of residents meeting areas, including a club room, reading areas, outdoor gardening, and workshop and state-of-the-art fitness center.  

 

About National Cooperative Bank:   

National Cooperative Bank is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. NCB provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook, or on Twitter @coopbanking.