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SunTrust provides $4.25 million loan for Indianapolis apartments

August 27, 2018
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Joe Markech, managing director in SunTrust CRE’s Chicago office, originated a $4.25 million loan with Fannie Mae for the refinance of Temple Lofts Apartments in Indianapolis.

SunTrust originated a 12-year term loan with one year of interest-only followed by a 30-year amortization schedule to refinance a construction/renovation loan.

Temple Lofts is located close to downown Indianapolis, Indiana University-Purdue University-Indianapolis and local hospitals. It features 40 units in two three-story buildings.

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financeIndianaIndianapolisJoe MarkechmultifamilySunTrust
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