Empire Group Secures $53M Construction Loan From Arbor Realty Trust For Development In Noblesville IN
Indiana
See Similar DealsEmpire Group Secures $53M Construction Loan From Arbor Realty Trust For Development In Noblesville IN
13957 Royal Park Drive
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The asset involved in this transaction is a development site located at 13957 Royal Park Drive in Noblesville, IN. The property is set for development into a 256-unit single-family build-to-rent community known as Village at Hyde Park. The community will feature one- to three-bedroom homes with private yards and resort-style amenities, targeting the rapidly growing Indianapolis metro area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $53,000,000
- Lender: Arbor Realty Trust
- Landlord: Empire Group Of Companies
- Loan Type: Construction
Empire Group Of Companies secured the construction loan from Arbor Realty Trust, which marks Empire’s second build-to-rent development in Indiana. This project will be situated near shopping, dining, entertainment, and major transportation routes.
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