Superior Lofts – Fort Wayne, Indiana
Closed – December 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and rehabilitation of Superior Lofts, a 72-unit market-rate rental housing project in Fort Wayne, Indiana. Project financing included equity from the syndication of State of Indiana Industrial Recovery Tax Credits (Foss & Company), conventional construction and term financing (Star Financial Bank) and subordinate financing (City of Fort Wayne). The project is being developed by RealAmerica Development, LLC.
The Retreat at Mineral Springs – Martinsville, Indiana
Closed – December 2016
Kuhl & Grant LLP served as counsel to the developers and the owner in connection with the acquisition, rehabilitation and new construction of The Retreat at Mineral Springs, a 38-unit affordable rental housing project in Martinsville, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits and Federal Historic Rehabilitation Tax Credits (R4 Capital), conventional construction financing (First Merchants Bank) and subordinate financing (Indiana Housing and Community Development Authority). The project is being co-developed by Flaherty & Collins Development, LLC and Community Service Center of Morgan County, Inc. d/b/a Wellspring.
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.
Roaring Fork Apartments – Basalt, Colorado
Closed – November 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and new construction of Roaring Fork Apartments, a 56-unit mixed-income rental housing project in Basalt, Colorado. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (CREA) and conventional construction and term financing (ANB Bank). The project is being development by RealAmerica Development, LLC.
Florence Fay School Senior Apartments – Indianapolis, Indiana
Closed – October 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and rehabilitation of Florence Fay School Senior Apartments, a 73-unit affordable senior rental housing project in Indianapolis, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (NDC), conventional construction financing (BMO Harris Bank) and subordinate financing (Indiana Housing and Community Development Authority). The project is being developed by TWG Development, LLC.
Crawford Apartments II – Bloomington, Indiana
Closed – October 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and new construction of Crawford Apartments II, a 35-unit permanent supportive rental housing project in Bloomington, Indiana. Project financing included equity from the syndication of 9% Low-Income Housing Tax Credits (Cinnaire), conventional construction financing (Old National Bank) and subordinate financing (Indiana Housing and Community Development Authority, City of Bloomington and Federal Home Loan Bank of Indianapolis). The project is being developed by LifeDesigns, Inc., with consulting services provided by Milestone Ventures, Inc.
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.
Panoramic I, III and IV and Walkerton Apartments – Liberty, Centerville and Walkerton, Indiana
Closed – September 2016
Kuhl & Grant LLP served as counsel to the developer and the owner in connection with the acquisition and rehabilitation of the Panoramic I, Panoramic III, Panoramic IV and Walkerton Apartments located in Liberty, Centerville and Walkerton, Indiana, consisting of 118 affordable rental housing units. Project financing included tax-exempt bond financing (Indiana Housing and Community Development Authority), equity from the syndication of 4% Low-Income Housing Tax Credits (Cinnaire), FHA-insured construction and term financing (P/R Mortgage & Investment Corp.), equity bridge financing (Merchants Bank of Indiana), the assumption of existing USDA Rural Development financing and subordinate financing (Indiana Housing and Community Development Authority). The project is being developed by West York, LLC.
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.
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.