Lake Park Senior Apartments – Hobart, Indiana
Closed - August 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and new construction of Lake Park Senior Apartments, an 80-unit affordable senior rental housing property in Hobart, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (CREA) and conventional construction and term financing (Lake City Bank). The project is being developed by RealAmerica Development, LLC.