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| The Hamilton Apartments, 116th Street and Hoosier Road, Indianapolis, IN |
INDIANAPOLIS, IN – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has secured $38.5 million in financing for two Indianapolis-area apartment
communities, The Hamilton and BayShore
Apartments.
Working on behalf of the
borrower, entities controlled by The J.C. Hart Company, Inc., HFF placed the
loans in two separate transactions.
A
$25.2 million, 15-year, fixed-rate loan was placed with 40/86 Mortgage Capital,
Inc. for The Hamilton.
Morgan Stanley Bank, N.A. closed a $13.3
million, fixed-rate loan for BayShore Apartments. Both loans were used to refinance existing
debt on the properties.
The Hamilton is a
233-unit, Class A multi-housing asset located in the fast-growing Indianapolis suburb of Fishers, Indiana. Located at 116th Street and Hoosier Road, the
property has immediate access to the Interstate 69/116th Street interchange and
the plentiful amenities available in the area.
 |
| David B. Keller |
Completed in 2014, the property features one-,
two- and three-bedroom luxury units and offers extensive amenities, including a
swimming pool with sun deck, grilling area with fire pit, state-of-the-art
fitness center, indoor gymnasium, business center, café lounge, game room and
garage parking.
BayShore Apartments is
located on Main Street, just east of SR 135 in Greenwood, Indiana. Built by The J.C. Hart Company, Inc. in 1998,
BayShore features 236 one-, two- and three- bedroom units, which average 893
square feet each.
Community amenities
include a swimming pool, hot tub, tennis court, indoor gymnasium, sand volley
ball court, fitness center, clubhouse and business center.
The HFF debt placement
team representing the borrower was led by senior managing director David B. Keller.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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