Salem Place Apartments – Daleville, 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 Salem Place Apartments, a 64-unit affordable rental housing property in Daleville, Indiana.  Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (CREA) and conventional construction and term financing (The National Bank of Indianapolis).  The project is being developed by RealAmerica Development, LLC.