Multifamily O Indiana

CBRE provides $1.18 million loan for Indianapolis apartment community

CBRE provides $1.8 million loan for Indianapolis apartment community,ph01

CBRE has structured a $1.18 million loan to refinance the Llanhurst Apartments in Indianapolis. A Freddie Mac Small Balance Loan was obtained by Dan Gable and Jason Brown of CBRE Capital Markets’ Debt & Structured Finance team on behalf of their client, Indy Up LLC.

The 10-year $1.185 million loan has a fixed 4.87 percent rate and is amortized over 30 years.

Llanhurst Apartments is a 29-unit property at 541 N Meridian St. in Indianapolis.