Mission Capital Arranges $31.4M in

Financing for Multifamily

Development in Indianapolis

October 14th, 2014

INDIANAPOLIS — Mission Capital Advisors’ debt and equity finance group has arranged $31.4 million in construction financing for a
215-unit multifamily complex in Indianapolis. The financing comprised
$7.1 million of institutional
joint venture equity and a
$24.3 million construction loan for the 225,000- square-foot project. A local sponsor is developing the
project, which is located at 600 E. Michigan St. The project will comprise two, four-story multifamily structures around a landscaped courtyard with a resort- style pool, constructed over one level of subterranean parking. Brad Lyons, Ari
Hirt and Steven Buchwald of Mission Capital Advisors represented the sponsor in arranging the financing with PNC Bank.
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