NorthMarq Arranges $4.3M Fannie Mae Supplemental Loan for Indianapolis Apartments
INDIANAPOLIS — NorthMarq Capital has arranged a $4.3 million Fannie Mae supplemental loan for Wildwood Apartments, a 324-unit multifamily property in Indianapolis. Wildwood Apartments features communal amenities such as a pool, fitness center, basketball court, tennis court and a playground. David Garfinkel of NorthMarq placed the loan, which carries a five-year term and a 30-year amortization schedule, on behalf of the undisclosed borrower. Proceeds will be used to fund continued value-add programs and upgrades to the unit interiors and amenity spaces.