Multifamily O Indiana

CBRE Group provides financing for 48-unit apartment project in Indianapolis market

  

CBRE Group provided acquisition financing for the 48-unit Park Lane Apartments in downtown Carmel, Indiana. Savile Row Capital, an Indianapolis-based firm, acquired the property for an undisclosed price.

CBRE Group provided acquisition financing for the 48-unit Park Lane Apartments in downtown Carmel, Indiana. Savile Row Capital, an Indianapolis-based firm, acquired the property for an undisclosed price.

The transaction involved a Freddie Mac Small Balance Loan with a 10-year term and 30-year amortization. The loan also included three years of interest-only payments, a 4.34 percent fixed interest rate and loan-to-value ratio of 80 percent.

Dan Gable and Jason Brown from CBRE Capital Markets worked on behalf of Savile Row Capital