The Mercantile – Alexandria, Indiana
Closed - November 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and new construction of The Mercantile, a mixed-use development consisting of 26 affordable rental housing units and commercial space in Alexandria, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (Cinnaire), conventional construction and term financing (Old National Bank) and subordinate financing (Indiana Housing and Community Development Authority and Federal Home Loan Bank of Indianapolis). The project is being developed by Milestone Ventures, Inc.