INDIANAPOLIS, IN – HFF announced today that it has secured a $6.4 million refinancing for Mozzo Apartments, a 65-unit, Class A multi-housing community with ground-floor retail and office in downtown Indianapolis, Indiana.
Working on behalf of Milhaus Development, HFF placed the 10-year, fixed-rate securitized loan with Goldman Sachs Commercial Real Estate. The proceeds were used to retire the existing construction loan.
Mozzo Apartments is located at 531 Virginia Avenue along the Cultural Trail and close to Monument Circle and Fountain Square. Completed in 2013, the property features studio, one- and two-bedroom units as well as 1,689 square feet of office space. Mozzo Apartments achieved 100 percent occupancy in just three months.
The HFF team representing Milhaus Development was led by associate director Ken Martin.
Milhaus Development is a team of inspired and industrious individuals, headquartered in Indianapolis, who are committed to the development of mixed use and multi-family real estate. They deliver solutions for urban neighborhoods, cities and partners by providing expertise in real estate investment, development and management. Their projects are designed to withstand the passage of time leaving communities in a better place than they found them.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF, together with its affiliate HFFS, offers clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit www.hfflp.comor follow HFF on Twitter at www.twitter.com/hff.