128
INDIANAPOLIS — Johnson Capital has arranged a $4.7 million loan secured by a 62-unit multifamily property in Indianapolis. The property, called Richelieu Apartments, is located on E. North Street and consists of three four-story buildings. Scott Graber, senior vice president in the Johnson Capital’s Denver office, arranged the financing on behalf of the borrower, a local investor and operator. Huntoon Hastings provided the 35-year, self-amortizing Section 223(f) FHA loan, which includes a 4 percent interest rate. The loan was used to retire existing debt.