Monon Lofts – Indianapolis, Indiana
Closed - September 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and new construction of Monon Lofts, a 142-unit affordable rental housing project in Indianapolis, Indiana. Project financing included tax-exempt bond financing (Indiana Housing and Community Development Authority), equity from the syndication of 4% Low-Income Housing Tax Credits (NDC), conventional construction financing (BMO Harris Bank) and subordinate financing (Indiana Housing and Community Development Authority and City of Indianapolis). The project is being developed by TWG Development, LLC.