Greg Moyer & Keith Fanelli Of Moyer Properties Secure $47.5M Construction Loan For 263-unit Multifamily

The property involved in this transaction is a multifamily asset with 263 units located at 8113 Grotto Lane in the Madison market. A construction loan of $47,500,000 has been secured for this development, with terms set for 5 years.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,500,000
• Lender: Robert Gallagher - Old National Bank
• Landlord: Greg Moyer & Keith Fanelli - Moyer Properties; Andrew Juiris - Double Eagle Development
• Loan Type: Construction
• Loan Terms: 5 years

This transaction features key individuals representing the involved entities, namely Robert Gallagher from Old National Bank acting as the lender. The landlords, Greg Moyer and Keith Fanelli from Moyer Properties, as well as Andrew Juiris from Double Eagle Development, are integral to the execution of this deal.