HFF arranges $7.6M refinancing for Indianapolis multi-housing complex

INDIANAPOLIS, IN – The Indianapolis office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged a $7.6 million refinancing for Auburn Hill Apartments, (top left photo) a 160-unit multi-housing complex on the west side of Indianapolis, Indiana.

HFF managing director Jon Everson  (bottom right photo) worked on behalf of Auburn Oaks LLC to secure non-recourse permanent financing through a HUD 223(f) loan.

The borrower obtained a fixed rate of 4.95% (plus mortgage insurance), 35-year term and 35-year amortization.

Auburn Hill Apartments is located at 840 Auburn Hills Drive just east of the full interchange between Interstate 465 and 10th Street, approximately six miles west of downtown Indianapolis. The property was completed in 1997.

Contacts:

Jonathan P. Everson, HFF Managing Director, (317) 630-3191, jeverson@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com