Zidan Management Group Acquires 516-Unit Multifamily Property In Indianapolis For $40.2M

The multifamily property located at 1540 Handball Lane in Indianapolis, Indiana has been involved in a recent transaction. The property consists of 516 units and was acquired by Zidan Management Group, Inc.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $40,200,000
• Loan Amount: $40,200,000
• Loan Terms: 10-year Fannie Mae loan with a 3.7 percent interest rate and a 30-year amortization schedule
• Market: Indianapolis, Indiana

This transaction was facilitated by brokers Jason Brown and Austin Katai from Berkadia.