DWINN-SHAFFER & CO. ARRANGES $9.8 MILLION MULTIFAMILY LOAN

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INDIANAPOLIS — Dwinn-Shaffer & Co. has secured $9.8 million in permanent financing for Pheasant Run Apartments, a 184-unit multifamily community located in Indianapolis. The property comprises 13 two-story buildings in a mix of one-, two- and three-bedroom units. Individual units feature scenic lake views with private balconies or patios. Community amenities include a clubhouse that houses leasing and management offices, a fully equipped kitchen and a community room; a swimming pool with a sundeck and adjacent 24-hour fitness center; a children’s activity center; and a 24-hour laundry facility. The loan was arranged by Marc Fiedler of Dwinn-Shaffer for a 3-year, interest-only term. The borrower and lender were not disclosed.

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