FINANCED
Zidan Management Group Acquires 516-Unit Multifamily Property In Indianapolis For $40.2M
1540 Handball Lane
MultiFamily
Financed 1 year ago
Summary
Loan
INDIANA
MultiFamily
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.
Players
Details
FINANCED
IMAGE: Jason Brown & Austin Katai
DATE: 11/30/2021
ADDRESS: 1540 Handball Lane
MARKET: Indianapolis, Indiana
ASSET TYPE: Multifamily ~ UNITS: 516
LANDLORD: Zidan Management Group, Inc
BROKERS: Jason Brown & Austin Katai - Berkadia
LOAN AMOUNT: $40,200,000
LOAN TERMS: 10-year Fannie Mae loan features a 3.7 percent interest rate and a 30-year amortization scheduleView on map
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Address1540 Handball Lane
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