Merchants Capital Provides $30.7 Million in Financing for Affordable Housing Development in Indianapolis

Merchants Capital Secures $30M for 227-Unit Indianapolis Multifamily Development

Merchants Capital announced $30.7 million in forward-committed permanent financing for Central at Old Southside, a 227-unit 4% low-income housing tax credit multifamily development to be built in Indianapolis, Indiana, by The Annex Group.  Merchants Capital secured a $30.7 million cash-backed Freddie Mac Forward TEL loan for the development. “The addition of more than 200 affordable ...

Annex Group Breaks Ground on $71M Affordable Housing Community in Indianapolis

INDIANAPOLIS — The Annex Group has broken ground on Central at Old Southside, a 227-unit affordable housing community just south of downtown Indianapolis. The $71 million project will offer one-, two- and three-bedroom units to households earning between 50 and 60 percent of the area median income. Amenities will include a community center, fitness center, business center, dog park, garden area, playground and picnic area. Annex’s partnership wi…

Merchants Capital provides $30.7 million in financing for affordable housing development in Indianapolis

Merchants Capital today announced $30.7 million in forward committed permanent financing for Central at Old Southside, a 227-unit 4% low-income housing tax credit (LIHTC) multifamily development to be built in Indianapolis, Ind. by The Annex Group.  Merchants Capital secured a $30.7 million cash-backed Freddie Mac Forward TEL loan for the development. The property has been awarded an Affordable Housing and Community Development Fund (AHCDF) loan…

Merchants Capital Secures Freddie Mac Forward TEL Loan for Affordable Multifamily Development in Indianapolis

Leading financial services provider Merchants Capital announced $30.7 million in forward committed permanent financing for Central at Old Southside, a 227-unit 4% low-income housing tax credit (LIHTC) multifamily development to be built in Indianapolis, Ind. by The Annex Group. Merchants Capital secured a $30.7 million cash-backed Freddie Mac Forward TEL loan for the development. The […]