
Loop Secures a $43,631,000 Loan for Refinancing of 606-unit Multifamily Property in Indianapolis, IN
April 2022 – Loop Investments secured refinancing for The Park at Greenhill in Indianapolis, IN. The property was purchased in October 2021 for a purchase price of $21.3M with occupancy at 86%. The original loan amount was $34.3M. Refinancing of $43.6 M was procured in April 2022 and the property underwent significant capital improvements of $2.4M resulting in 93% occupancy by January 2023.
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