Monday, October 7, 2013

HFF secures $6.4 million refinancing for downtown Indianapolis multi-housing community


Mozzo Apartments, 531 Virginia Avenue, Indianapolis, IN

INDIANAPOLIS, IN – HFF announced today that it has secured a $6.4 million refinancing for Mozzo Apartments, a 65-unit, Class A multi-housing community with ground-floor retail and office in downtown Indianapolis, Indiana.

Ken Martin
               Working on behalf of Milhaus Development, HFF placed the 10-year, fixed-rate securitized loan with Goldman Sachs Commercial Real Estate.  The proceeds were used to retire the existing construction loan. 

               Mozzo Apartments is located at 531 Virginia Avenue along the Cultural Trail and close to Monument Circle and Fountain Square.  Completed in 2013, the property features studio, one- and two-bedroom units as well as 1,689 square feet of office space.  Mozzo Apartments achieved 100 percent occupancy in just three months.

               The HFF team representing Milhaus Development was led by associate director Ken Martin.

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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