Pickwick Farms Apartments, Indianapolis, IN
INDIANAPOLIS, IN – HFF announced it has arranged a $24.3
million financing for Pickwick Farms Apartments, a 516-unit
multi-housing community in Indianapolis, Indiana.
 |
| Jon Everson |
HFF worked on behalf of Pickwick Properties, LLC to secure
the 10-year, 3.6 percent fixed-rate loan through Freddie Mac’s (Federal Home
Loan Mortgage Corporation) CME Program.
The securitized loan will be serviced by HFF through its Freddie Mac Program
Plus® Seller/Servicer program.
Pickwick Farms, built in two phases from 1978 to 1980, is
located on the northwest side of Indianapolis, near 86th Street and Interstate
465. Renovated in 2007, the property
includes studio, one-, two- and three-bedroom units that are leased both
unfurnished and furnished.
Community amenities include a movie theatre, racquetball
court, indoor basketball court, playground, community room, fitness center,
swimming pool and two tennis courts. At
closing, Pickwick Farms was 96 percent occupied.
 |
| Zachary Roden |
The HFF team representing the borrower was led by managing
director Jon Everson and senior real estate analyst Zachary Roden.
“This property was especially attractive to lenders due to
its experienced sponsorship, highly desirable infill location, heavily
populated medical district and the fact it is located less than half of a mile
south of Hamilton County, the fastest growing county in Indiana,” commented
Everson.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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