Freddie Mac Provides $26.9M Refinancing Loan For Indianapolis Multifamily Property

NTS Development Company has recently secured a refinancing loan for their multifamily property located at 8740 Arborway Ct in Indianapolis, Indiana. The property consists of 232 units, making it a sizable investment in the local real estate market.

Summary of transaction details

• Property Type: Multifamily
• Loan Amount: $26,872,000
• Loan Type: Refinancing
• Loan Terms: Seven-year, fixed-rate loan
• Lender: Freddie Mac
• Landlord: NTS Development Company
• Broker: Matthew Schoenfeldt - JLL

The financing was provided by Freddie Mac, a prominent lender in the industry. Matthew Schoenfeldt of JLL represented NTS Development Company in this transaction, acting as their broker. The seven-year, fixed-rate loan will allow NTS Development Company to optimize their financial position and continue their operations in the Indianapolis market.