Hudson Investing Secures $52.1 Million Loan From NorthMarq For Maple Knoll Apartments Acquisition

The property involved in this transaction is the Maple Knoll Apartments, a multifamily asset located at 500 Bigleaf Maple Way, Westfield, Indiana. The acquisition financing secured is for $52.1 million for the purchase of this 300-unit apartment complex, situated on a 24-acre site.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,100,000
• Address: 500 Bigleaf Maple Way
• Market: Westfield, IN
• Units: 300
• Acres: 24.0
• Lender: Cody Field & Annamarie Bjorklund - NorthMarq
• Landlord: Hudson Investing
• Loan Type: Acquisition

Hudson Investing is the entity that secured the financing for this acquisition, with NorthMarq facilitating the loan through its Freddie Mac platform. Additionally, Torchlight Investment provided equity for the deal, and the buyer intends to implement renovations as part of their value-add strategy after acquiring the property from an unnamed institutional insurance company.