Empire Group Secures $53M Construction Loan From Arbor Realty Trust For Development In Noblesville IN

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.