 |
| Wentworth at West Clay Apartments, 12880 University Crescent, Indianapolis, IN |
 |
| Zachary Roden |
INDIANAPOLIS, IN – HFF announced today that it has arranged
$6.5 million in financing for Wentworth
at West Clay, a 186-unit, Class A multi-housing community located within
the Village of West Clay in Carmel, a suburb north of Indianapolis,
Indiana.
HFF worked on behalf of the borrower, Gibralt Capital Corp.
(Gibralt), to secure the three-year, floating-rate loan from Bedrock Capital
Associates. Loan proceeds will be used
to refinance the existing debt, pay transaction costs and finance property
renovations.
The
Wentworth at West Clay has 101 apartments and 85 condominiums. There are 26 one-, 60 two- and 15
three-bedroom units averaging 1,129 square feet.
The 95-percent-occupied property was built in 2004 and
features a clubhouse, playground, barbeque, picnic area, tennis court, 24-hour
fitness center, business center, movie theatre, billiard room, private garages
and three swimming pools.
 |
| Robb Rizzi |
The community is located at 12880 University Crescent within
the Village of West Clay, a master-planned community that replicates a small
town and provides more than 16 miles of walking and jogging trails, in addition
to more than 20 ponds and lakes in the area.
The
HFF debt placement team was led by associate director Zachary Roden from HFF’s Indianapolis office and managing director Rob Rizzi with HFF’s New York office.
Gibralt’s investments include private equity, real estate,
public market securities and credit-oriented funds.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
No comments:
Post a Comment