Crawford Apartments II – Bloomington, Indiana

 

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

 

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

 

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

 

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

 

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.